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TCS shares slip 2%, down 12% in 4 straight sessions. What’s triggering the decline?

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TCS shares slip 2%, down 12% in 4 straight sessions. What’s triggering the decline?
Shares of TCS, India’s largest IT services company, plunged 2% to an intraday low of Rs 2,144 on the BSE on Monday as a surge in U.S. bond yields reignited concerns that the Federal Reserve may be forced to raise interest rates later this year. With today’s decline, the stock has lost 12% over the last four trading sessions.

Higher U.S. bond yields and expectations of tighter monetary policy are generally seen as negative for Indian IT stocks. They tend to compress valuations of growth-oriented companies, raise concerns about slower technology spending by U.S. clients, encourage businesses to focus on cost optimization rather than expansionary IT investments, and can trigger foreign investor outflows from emerging markets.

The weakness in TCS also follows a sharp relief rally in IT stocks last week. The sector has remained under pressure through much of 2026 amid growing concerns that rapid advances in artificial intelligence could disrupt the traditional software services business model.

Should you buy TCS shares?

“We recommend avoiding TCS for now as the major trend is bearish,” Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities told ETMarkets. According to Shah, momentum indicators have weakened considerably, with the RSI turning lower after nearing the 60 level, suggesting fading bullish strength. He also pointed out that the stock has slipped below the Bollinger Band midline, an important support level often tracked by technical analysts. With the latest decline, TCS has fallen below several key short- and long-term moving averages, indicating a weakening trend.

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Harshal Dasani, Business Head at INVasset PMS, said the stock’s technical setup has shifted from weakness to a test of a potential breakdown. According to him, the 9% decline following a 6.53% rebound in the last week suggests the earlier recovery was merely a dead-cat bounce rather than evidence of fresh buying interest. “When a large-cap stock gives up a relief rally this quickly, the market is not reacting to a single negative headline. It is repricing the entire low-growth IT model,” Dasani said.
On the upside, he sees the Rs 2,400-2,450 range as a significant supply zone, since the recent recovery attempt stalled in that region. Dasani added that until TCS manages to reclaim this band with strong participation, any rallies are likely to face selling pressure.

TCS share price performance

TCS shares have fallen over 32% since the start of the year and about 37% in the last 1 year.
TCS reported a 12% year-on-year rise in consolidated net profit at Rs 13,718 crore for the fourth quarter, while revenue from operations increased 10% YoY to Rs 70,698 crore. The company also announced a final dividend of Rs 31 per share.
During the quarter, TCS secured three large deals, taking the total contract value to $12 billion for the period. On a quarter-on-quarter basis, revenue grew 5.4%, while constant currency growth came in at 1.2%, broadly in line with expectations. Operating margin for the January to March quarter stood at 25.3%, up 10 basis points from the previous quarter.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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USMV: The Rotational Strategy For Volatile Markets

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USMV: The Rotational Strategy For Volatile Markets

USMV: The Rotational Strategy For Volatile Markets

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Lib Dems propose energy price discounts for all households

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Lib Dems propose energy price discounts for all households

The party estimates savings of £100-a-year on average for every household under the scheme.

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Artiva Biotherapeutics stock surges on FDA RMAT designation

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Artiva Biotherapeutics stock surges on FDA RMAT designation

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Dow Jones| Nasdaq | US Stock Market Today | Live: S&P 500, Nasdaq futures edge higher as chip stocks regain footing

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Dow Jones| Nasdaq | US Stock Market Today | Live: S&P 500, Nasdaq futures edge higher as chip stocks regain footing
Marvell Technology shares climbed more than 7% in premarket trading on ​Monday after the chipmaker was ​set to join the benchmark S&P 500 at ​the end of June, in the latest boost to a stock that has surged recently.

Its shares have gained about 59% since May 27 after the company forecast its ‌custom-chip business ⁠would surpass $10 billion ⁠in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the ​next “trillion-dollar company.”

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FIIs cut stakes in 16 largecap stocks over two quarters; shares fall up to 40% – Fund Outflow

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FIIs cut stakes in 16 largecap stocks over two quarters; shares fall up to 40% - Fund Outflow

Investors closely monitor FII activity, as foreign institutional investors typically enter markets only after extensive research. While it is important to observe where FIIs are increasing their exposure, their selling trends can be equally insightful. Among the BSE large-cap pack, FIIs have steadily reduced their stakes in about 106 large-cap companies over the past two quarters, December 2025 (October to December) and March 2026 (January to March).
Looking at stock performance over the last six months, the majority of these companies delivered negative returns. Notably, around 13 large-cap stocks fell between 25% and 40% during this period. On the other hand, three stocks still managed to rally over 40% despite continuous FII selling. (Data source: ACE Equity)

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Realty Income: As AI Euphoria Cools, Income May Shine Again

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REIT symbol. Real Estate Investment Trust, Real Estate Investment Trusts with miniature houses Investment concept. copy space, business background

Realty Income: As AI Euphoria Cools, Income May Shine Again

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General Mills sees household penetration improving for first time in three years

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General Mills sees household penetration improving for first time in three years

Investments in innovation, value starting to pay, COO says.

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PMGC Holdings rises on drone tech license deal

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PMGC Holdings rises on drone tech license deal

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Historic Swindon law firm moves from town centre offices

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Business Live

Bevirs Law has had a presence in the town since 1910

L-R: Claire Webb, Peter Shah and Rececca Scammell of Bevirs Law

L-R: Claire Webb, Peter Shah and Rececca Scammell of Bevirs Law(Image: Bevirs Law)

One of Swindon’s oldest law firms is relocating from its town centre offices, it has announced. Bevirs Law, which has had a presence in the town since around 1910, has moved from Regent Circus to Newbridge Square.

The firm says the move will mean it has the capacity to expand its team and accommodate future growth.

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“The move provides the firm with a more suitable, modern environment designed around a layout aimed at fostering closer team collaboration and improved communication across the firm’s legal departments,” the company said.

Newbridge Square is based by the new bus boulevard interchange and the train station.

“Moving from Regent Circus to Newbridge Square marks an exciting new chapter,” said Bevirs Law partner Claire Webb, who led the relocation project.

“The new layout is already making a noticeable difference to how our team interact and collaborate on a daily basis. Just as importantly, this new space gives us the room to expand.”

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Bevirs Law was founded almost 150 years ago and is headquartered in Royal Wootton Bassett, with an office in Calne as well as Swindon.

There are 14 team staff based in the Swindon office across three departments: family care, private client and litigation. The firm is currently recruiting for its private client team, conveyancing team and commercial property team.

“Being situated right next to the new bus boulevard interchange and closer to the train station also means we are now in a highly accessible, central location that makes travelling to us much easier for our clients and staff alike,” added Ms Webb.

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Momentum Group Limited (MMTHF) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Rowan Burger

Good morning, everyone, and a very warm welcome to the Momentum Group Capital Markets Day 2026. My name is Rowan Burger. I’m Head of Strategic Finance, together with Mulalo Liphosa and [indiscernible], who are part of our Investor Relations team. And for those of you joining us online virtually, I’m very pleased to have you with us.

Please do participate online in the question session. Do not feel that you are not part of the occasion. And also, I’d like to extend a special welcome, not quite see all of them right now, but to our Africa chair people and the CEOs, they’re here to spend an Africa Chairperson’s Day with Jeanette tomorrow. So it’s nice for you to sort of spend some time with our investors and get to know a little bit more about the group.

Today, we have a very full program running from 9:00 this morning, a little bit after that until half past 4:00. We’ve designed this because we like you to interact with our executives. So with that in mind, we’ve tried to

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