Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

IT Shares Tumble After Cognizant Cuts Growth Outlook; TCS Falls by 3.70 Percent

TCS fell 3.70 per cent, Hexaware Technologies 2.73 per cent, Tech Mahindra 2.16 per cent, HCL Tech 1.40 per cent, Wipro 0.87 per cent and Infosys Ltd 0.84 per cent.

PTI

Updated:May 3, 2019, 5:08 PM IST
facebookTwittergoogleskypewhatsapp
IT Shares Tumble After Cognizant Cuts Growth Outlook; TCS Falls by 3.70 Percent
Representative image (Reuters)
Loading...
New Delhi: Shares of IT companies tumbled up to 3.7 per cent Friday after Cognizant reported over 15 per cent drop in net income for the quarter ended March, and slashed its full-year revenue growth outlook.

On the BSE, TCS fell 3.70 per cent, Hexaware Technologies 2.73 per cent, Tech Mahindra 2.16 per cent, HCL Tech 1.40 per cent, Wipro 0.87 per cent and Infosys Ltd 0.84 per cent.

TCS was the worst hit among the BSE 30-share pack.

Led by the decline in these scrips, the BSE Information Technology index fell 1.91 per cent to close at 15,659.96.

The US-headquartered company, which has a significant portion of its employees based in India, revised its full-year 2019 revenue growth outlook to 3.6-5.1 per cent in constant currency, significantly less than 7-9 per cent projected just months ago.

The company follows January-December as financial year.

It cited "first quarter underperformance" and likelihood of slower growth in financial services and healthcare as reasons for the massive cut in full-year outlook.

Shares of Cognizant, however, are not listed on India bourses.

A strengthening rupee also weighed on the IT counters.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results