As an industry body which is in this sector, which represents the companies in this sector, all major issues which affect the sector do come to our attention. And, we provide feedback to the companies on some of the areas of concern, says Nasscom.
Reacting to the news of widespread layoffs at Tata Consultancy Services (TCS) that has the attention of industry watcher, which the company has denied, Nasscom while defending TCS said nothing unusual has happened at TCS and will look into the matter if it escalates.
According to R Chandrashekhar, president, Nasscom said: "Certain amount of churn for various reasons does take place and you are aware that there are certain industry norms. What we understand is that nothing of an unusual, extraordinary level has happened. If there is something, which needs attention in a particular company, I'm sure that, that company will address that."
"This is a sector in which the companies have to show and have shown nimbleness and adaptation," he added.
He further said: "As an industry body which is in this sector, which represents the companies in this sector, all major issues which affect the sector do come to our attention. And, we provide feedback to the companies on some of the areas of concern."
TCS stock price
On January 06, 2015, Tata Consultancy Services closed at Rs 2443.85, up Rs 27.05, or 1.12 percent. The 52-week high of the share was Rs 2834.00 and the 52-week low was Rs 2000.50.
The company's trailing 12-month (TTM) EPS was at Rs 99.52 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 24.56. The latest book value of the company is Rs 224.90 per share. At current value, the price-to-book value of the company is 10.87.
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