Tata Consultancy Services shares slide 1.38% in weak market session
Updated
Updated · MarketWatch · May 7
Tata Consultancy Services shares slide 1.38% in weak market session
8 articles · Updated · MarketWatch · May 7
The stock closed at 2,401.75 rupees as the BSE Sensex fell 0.15% to 77,844.52 on Thursday.
TCS underperformed peers including Mphasis, down 1.14%, Wipro, down 0.88%, and HCL Technologies, down 0.48%.
Shares finished 33.84% below their 52-week high of 3,630 rupees reached on May 12, while trading volume rose to 316,196 against a 50-day average of 259,194.
As hundreds of senior leaders exit, can TCS's AI strategy overcome internal turmoil and restore investor confidence?
TCS stock is cheap with high dividends, but faces an AI threat. Is it a deep value buy or a classic value trap?