MUMBAI: The Tata Consultancy Services stock touched a 52-week of Rs 630.55 on Monday. It was down 6.60 per cent from Friday’s close, and off the day’s high of Rs 680.

Analysts at foreign brokerage houses point out that TCS generated nearly 43.6 per cent of FY 08 revenues of Rs 22, 861.4 crore from the banking, financial and insurance sector (BFSI). In addition, TCS exposure to the financial sector in terms of generating revenues is the highest amongst the top 5 Indian IT companies, with Satyam at the lowest.

Given the current uncertainties in the global financial system due to the collapse of several iconic American institutions, market sources point out that punters are exiting from stocks like TCS in droves.