Tata Consultancy Services532540IT services
TCS shares surged 6% after in-line Q2 numbers, with constant currency revenue growth marginally beating estimates and rising AI revenue share
- Stock move today
- 6 percent
- Long-term margin target
- 26 to 28 percent
Heard on business television between 10:36:34 - 10:39:34 IST.
- TCS was the top Nifty gainer after reporting an in-line second quarter with constant currency revenue growth marginally beating estimates.
- Management told CNBC-TV18 it is eyeing long-term margins of 26-28%.
- The stock surged 6% following the results.
- A sell-off in AI stocks on Wall Street spurred optimism across the IT sector, with the street looking past risks from the US suspending the H-1B visa program.
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Source: Live TV News Channel · 9 Oct 2026
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