TCS Fell 2.4 Percent As Nomura Downgraded The Stock To Reduce From Neutral - Dollar Advisory Financial Services

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Thursday 8 June 2017

TCS Fell 2.4 Percent As Nomura Downgraded The Stock To Reduce From Neutral

TCS fell 2.4 percent as Nomura downgraded the stock to reduce from neutral, with implied downside of 18 percent, citing mismatch between fundamentals and recent stock price rise.

Infosys extended losses, down 1 percent on top of 3 percent correction in previous session on pricing concerns.

ITC, Reliance Industries, ICICI Bank, SBI and ONGC were other losers whereas HDFC, HDFC Bank, Tata Steel, HUL, Tata Motors and L&T continued to support the market.

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