Deals
Tata Consultancy Drops Most Since 2009 After Profit Miss
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Tata Consultancy Services Ltd. slumped the most in more than five years in Mumbai trading after the Indian software company posted its first earnings miss in six quarters and forecast the current period will be “soft.”
Shares plunged 8.9 percent, the biggest drop since May 2009, to close at 2,441.15 rupees. The stock was the worst performer on the S&P BSE Sensex Index, which rose 0.4 percent, and the second-biggest loser on the MSCI Asia Pacific Index.