TCS stock drops slightly in early trade
Shares of Tata Consultancy Services fell slightly in morning trade on Friday, a day after the IT major announced that its chief Rajesh Gopinathan had put in his paperwork.
The broader market was in positive territory, with Sensex jumping 246 points amid positive global indices.
Rajesh Gopinathan, who led the country’s biggest software exporter for six years, has stepped down as chief executive and CEO, nearly four years before his term ends. He will be replaced by company veteran K Krithivasan. The announcement was made by the company after market hours on Thursday.
On BSE, the certificate opened at Rs 3,151 after closing at Rs 3,184.75 on Thursday. After hitting an intraday high of Rs 3,194, the stock fell 0.62% to Rs 3,165.
The market valuation of TCS, a key component of Sensex, stood at Rs 11,58,419.07 crore on BSE.
On the NSE, the company was down 0.47% at Rs 3,169.90. It had opened at Rs 3,150.50 after ending the day at Rs 3,185 on Thursday
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