TCS tanks despite big order
By
Research Desk
about 11 years ago
The overhang of the poor guidance of Infosys is so large that it today continues to cloud the entire IT sector. Infosys continues to lose ground and even TCS is today down 3% at Rs.1465.90, with an intra day low at Rs.1449.30.
The stock is despite the good tidings in the company. The company has bagged Rs.1400 crore order from Indian Post for computerizing counter operations and the deal is expected to be signed off today. The project entails two years of implementation and five years of maintenance.