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Updated · MarketWatch · May 11Tata Consultancy Services shares inch down in market sell-off
9 articles · Updated · MarketWatch · May 11
- The stock fell 0.10% to 2,392.45 rupees on Monday as the BSE Sensex dropped 1.70% to 76,015.28.
- TCS still outperformed peers, with Mphasis down 0.59%, Wipro 0.62% and HCL Technologies 0.29%.
- Shares closed 34.09% below their 52-week high of 3,630 rupees, while trading volume of 163,017 stayed below the 50-day average of 261,565.
As global tensions tank the market, can TCS's record profits shield it from India's looming economic crisis? If AI offers a multi-trillion-dollar opportunity, why did it help trigger a massive stock market selloff?