The bellwether stock opened on a weak note today, and as the trade progressed it further lost 4.35 percent to Rs 2,472.50 on the BSE. At the NSE, the scrip went down by 4.36 percent to Rs 2,470.     

The stock was the biggest loser among the bluechips on both Sensex and Nifty during the early morning trade.
"TCS announced lower-than-expected numbers on sales front, while net profit came in higher-than-expected," said Sarabjit Kour Nangra, VP Research - IT at Angel Broking.
The company had yesterday reported a 27 per cent dip in March quarter net profit at Rs 3,858.2 crore, impacted by one-time Rs 2,628 crore employee bonus, but exuded confidence about surpassing the industry average in the current fiscal.

The company had reported a net profit of Rs 5,296.7 crore in the same period last fiscal year. Revenue for the quarter rose 12.4 percent to Rs 24,219.80 crore, while for the full fiscal it rose 15.7 percent to Rs 94,648 crore. The net profit for the full fiscal rose 13.5 percent to Rs 19,648 crore.

"As we look into future, I think we are extremely well placed... our deal wins, our order-book and the client sentiment look positive," TCS Managing Director and Chief Executive Natarajan Chandrasekaran had said on Thursday.

The Tata Group company, however, remains very upbeat about the next fiscal (2015-16) and will continue to outgrow the industry, he said.
Nasscom has estimated a revenue growth of 13-15 percent for the Indian IT industry in the current fiscal.
Employees who have spent over a year at the company will receive a week's salary for every year spent at the company and the Rs 2,628 crore one-time bonus payout will come in April or May.
Meanwhile, weakness was also seen in other IT stocks, where Wipro was trading lower by 1.80 percent and Infosys was quoting down 0.54 percent. The BSE IT index was trading with a loss of 1.79 percent at 11,193.50.
In the stock market, the benchmark BSE Sensex was quoting at 28,575.68, down 98.80 points at 1045 hrs.

Latest News  from Business News Desk