Ratan Tata's biggest company lost Rs 8500 crore before showing earnings

There was a decline in TCS shares today. According to Bombay Stock Exchange data, TCS shares closed at Rs 3610.20 today with a decline of Rs 19 or 0.52 per cent. Whereas 10 minutes before the market closed, the company's shares also reached Rs 3606, which is the lower level of the day.

Tata Consultancy Services, the largest company of Tata Group and the country's largest IT company, is going to declare its quarterly results today. But even before that the company has suffered a major setback. The company has lost Rs 8500 crore even before showing its earnings. Yes, even before the release of quarterly results, the company's shares have seen a decline. Due to which the market cap of the company reduced by Rs 8500 crore. By the way, TCS is the second largest company in the country. In terms of market cap, Reliance Industries is the largest company before Tata's IT company. Let us also tell you what kind of company figures are being seen in the stock market.

TCS shares fall

There was a decline in the shares of TCS, the country's largest company, today. According to Bombay Stock Exchange data, TCS shares closed at Rs 3610.20 today with a decline of Rs 19 or 0.52 per cent. Whereas 10 minutes before the market closed, the company's shares also reached Rs 3606, which is the lower level of the day. According to the data, today the company's shares opened with a rise at Rs 3,664. A day ago the shares of the company had closed at Rs 3629.20.

The company suffered a loss of Rs 8500 crores.

TCS suffered a loss of up to Rs 8500 crore during the trading session. In fact, due to the fall in the company's shares, there was a decline in the market cap of the company. According to the data, when the market closed a day earlier, the market cap of the company was Rs 13,27,942.92 crore. The market cap of the company came to Rs 13,19,453.92 crore 10 minutes after the market closed. This means that there was a loss of Rs 8,489 crore in the market cap of the company.

Company's result is going to come today

By the way, the company's quarterly results are due today. According to estimates, the company's profit after tax can be more than Rs 11 thousand crore. On the other hand, the company can also announce its buyback. This buyback can be worth Rs 16 thousand crores. On the other hand, the company's revenue is also expected to increase.