Tata Consultancy Services (TCS) shares declined over 1% in early trading on Friday after the company released its Q2FY26 results. The stock dropped by as much as 1.53% to ₹3,015 on the BSE. In Q2, TCS posted a net profit of ₹12,075 crore, down 3.8% from ₹12,760 crore in the previous quarter. Revenue rose 3.7% quarter-on-quarter to ₹65,799 crore, with constant currency (CC) revenue growth at 0.8%. TCS also announced strategic initiatives, including a new AI-focused business unit with plans to build a 1 GW capacity data center in India, and the acquisition of ListEngage.
Motilal Oswal Financial Services (MOFSL) expressed caution on the company’s FY26 guidance, calling it vague. They estimate international growth at around 2.5% in USD terms for FY26, with a projected 4.2% CAGR in USD revenue and 4.9% CAGR in INR EPS over FY26–28.
Technically, TCS is holding support at ₹3,018, suggesting potential for a rebound. A move above ₹3,144 could trigger further gains. However, the stock has seen significant declines, falling 28% over the past year and 26% YTD.
