Tata Consultancy Declines Amid Revenue Growth Concerns
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Tata Consultancy Services Ltd. fell to its lowest level in more than two months in Mumbai trading after first-quarter revenue growth missed some analysts’ projections spurring concerns about outlook for the full year.
Shares declined 1.9 percent to 2,474.35 rupees, the lowest close since May 6. The stock was the biggest drag on the benchmark S&P BSE Sensex Index, which rose 0.3 percent.