New Delhi (PTI) shares of New Delhi (PTI) ended on Friday with flat notes after the country’s largest IT services company reported a 1.7% drop in net profit in the March quarter.
Despite a positive start, the company’s stock faces a volatile trend on the stock exchange. Once, stocks climbed 1.61% ₹3,298.40 on BSE. However, then it slides 1.25% to ₹Day 3,205.25. IT leaders inventory later ₹3,232.30, down 0.43%.
On NSE, the stock is over ₹3,238, down 0.26%. It hit ₹3,298.95, low ₹Day 3,206.00.
From a quantitative perspective, the company’s 229,000 shares were traded on BSE and 71.09 million shares were made on NSE during the day.
“Although the IT major’s results missed the street estimates, it was optimistic in the second half of FY26 due to the growth of order books,” said Vinod Nair, head of research at Geojit Investment Limited.
TCS (TATA Consulting Service) reported on Thursday that net profit fell 1.7% in the March quarter ₹12.22.4 million, mainly driven by edge shrinkage.
Tata Group, the first major entity to report results for the January-March quarter, also announced it would delay wage hikes for its 607,000 employees due to business uncertainty arising from tariff issues.
Its net profit increased by 4.2% in fiscal 25 ₹Behind 6% revenue growth, 485.53 million ₹2.55 billion million may exceed 30 billion US dollars.
K Krithivasan, the company’s managing director and CEO, said the company’s 26th fiscal year is expected to be better than fiscal year 25 in revenue, but acknowledges the ongoing challenges.
