TCS shares fall nearly 2% after Q2 results; m-cap declines by Rs 19,118 cr

Shares of Tata Consultancy Services (TCS) on Tuesday fell by nearly 2 per cent, a day after the firm announced its September quarter earnings.

The results were announced post market hours on Monday.

The stock of the IT services exporter declined 1.67 per cent to settle at Rs 3,068.95 apiece on the BSE. During the day, it fell 2.12 per cent to Rs 3,054.75.

On the NSE, it went lower by 1.74 per cent to end at Rs 3,064 apiece.

In volume terms, 14.29 lakh shares of the company were traded on the BSE and over 47.30 lakh shares on the NSE during the day.

Its market valuation fell by Rs 19,118.43 crore to Rs 11,22,944.57 crore.