Tata Consultancy Services presently trades at Rs 506.20, down by 3.80 points or 0.75% from its previous closing of Rs 510 on the BSE.

The stock opened at Rs 490 and has touched a high of Rs 518.80 with low remaining its opening price. So far 1,95,162 shares were traded on the BSE.

The BSE IT sector stock touched a 52 week high of Rs 1054 on june 2, 2008 and a 52 week low of Rs 418 on October 27, 2008.

The BSE IT index presently trades at 2,166.30 marginally up by 0.17% from its previous closing.

The stock has seen a negative change of 5.50% since last week and 5.29% since last month.

Tata Consultancy Services reported below-expectations growth in net profit for the third quarter ended December 31, 2008. The company’s net profit grew by 2.79% to Rs 1211.89 crore from Rs 1178.99 crore in the previous corresponding quarter.

Total income increased to Rs 5732.21 crore for the period in review from Rs 4941.48 crore for the quarter ended December 31, 2007.

On a consolidated basis, the Group has posted a net profit of Rs 1362.06 crore for the quarter ended December 31, 2008 as compared to Rs 1326.67 crore in the year-ago period. Total income has increased to Rs 7105.04 crore from Rs 6041.30 crore last year.