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TCS shares decline 2.51% post earnings announcement

  • TCS shares declined with a 2.43% drop on the BSE and a 2.51% decrease on the NSE.
  • Other IT stocks like Infosys, Tech Mahindra, HCL Tech, and Wipro also witnessed selling pressure.
  • TCS reported a 6% growth in net profit for Q1 FY26, aided by non-core income increase, despite a moderate revenue growth.
  • The company faced demand contraction amidst geopolitical uncertainties, with the MD not foreseeing a double-digit revenue growth for FY26.

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