TCS shares down 2%, hits 8-month low; stock down 8% thus far in February

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TCS shares down 2%, hits 8-month low; stock down 8% thus far in February - Business Standard

Quick Summary:

Deal win total contract value (TCV) at $10.2 billion has shown uptick and was above the company’s normalised order TCV of $7-9 billion which is encouraging, said Mirare Asset Sharekhan.

Disciplined investments in talent and infrastructure should lend good support to long-term business growth, the management had said.

The brokerage firm believes TCS remains well-positioned to capture opportunities across cost optimisation and business transformation given its strong domain knowledge, digital and gen AI capabilities.