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TCS Shares Dip Despite Strong Q2 Results; Analysts Bullish on AI Strategy
TCS Shares Dip Despite Strong Q2 Results; Analysts Bullish on AI Strategy
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Tata Consultancy Services shares fell 1.45% to ₹3,017.30 by midday Thursday, even as the company posted better-than-expected quarterly results. Revenue grew 3.7% quarter-on-quarter, with operating margins expanding 70 basis points to 25.2%. Deal wins surged 16% year-on-year to $10 billion, supported by a robust book-to-bill ratio of 1.4x.
JM Financial maintains a 'Buy' rating with a ₹3,520 target, citing improved cost management after a 3% sequential headcount reduction. Axis Securities echoes the bullish sentiment, valuing TCS at 22x FY27 earnings and highlighting its $7 billion AI data-center investment plan. The strategic pivot toward AI-led services underscores long-term growth potential.
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