Tata Consultancy Services Ltd

Tata Consultancy Services Limited, on behalf of Tata Sons Private Limited, clarified on August 12, 2026, that N. Chandrasekaran will step down as Chairman of Tata Sons Private Limited on February 20, 2027, after a proposal for extending his term for another five years was not carried through due to a lack of unanimous support from the Tata Sons Board.

Tata Consultancy Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2443.9, up 1.91% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. Tata Consultancy Services Ltd has added around 20.3% in last one month. Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has added around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 51.49 lakh shares today, compared to the daily average of 50.19 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 2436.9, up 1.31% on the day. Tata Consultancy Services Ltd is down 19.97% in last one year as compared to a 2.55% fall in NIFTY and a 12.23% fall in the Nifty IT index.The PE of the stock is 16.11 based on TTM earnings ending June 26.Powered by Capital Market - Live

The key equity benchmarks surrendered their early gains and traded in negative territory during afternoon trade, as caution prevailed ahead of the U.S. Federal Reserve's policy announcement and amid continued evaluation of corporate earnings. Volatility intensified due to the weekly expiry of Nifty 50 derivatives, dragging the Nifty below the 24,000 level. IT, realty and auto share advanced while FMCG, PSU bank and Private bank shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 48.81 points or 0.06% to 76,786.97. The Nifty 50 index fell 11 points or 0.05% to 23,984.25. In the broader market, the BSE 150 MidCap Index slipped 0.03% and the BSE 250 SmallCap Index shed 0.49%. The market breadth was weak. On the BSE, 1,565 shares rose and 2,495 shares fell. A total of 236 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement dropped $2.27 or 2.57% to $86.09 a barrel, amid a pause in fighting between the U.S. and Iran Gainers & Losers: Tata Consultancy Services (TCS) (up 4.40%), Tech Mahindra (up 3.38%), Eternal (up 3.08%) and Infosys (up 2.71%) were the major Nifty50 gainers. Hindustan Unilever (down 5.96%), Coal India (down 4.62%), Bharat Electronics (down 3.64%) and NTPC (down 2.27%) were the major Nifty50 losers. Stocks in Spotlight: Tata Chemicals fell 2.99% after the company reported a consolidated net loss of Rs 17 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with a net profit of Rs 525 crore in the corresponding quarter last year. Revenue from operations increased 14.41% year-on-year (YoY) to Rs 4,255 crore during the quarter, driven by higher sales volumes that offset lower realizations. Tejas Networks declined 3.32% after the company reported a consolidated net loss of Rs 202.24 crore in Q1 FY27, compared with a net loss of Rs 193.87 crore posted in Q1 FY26. However, the company's total revenue from operations jumped 99.10% to Rs 402.16 crore in Q1 FY27 as against Rs 201.98 crore recorded in the corresponding quarter of the previous year. Hindustan Unilever dropped 5.96% after the FMCG major reported a 3.01% year-on-year (YoY) decline in consolidated net profit to Rs 2,673 crore in the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 2,756 crore in Q1 FY26. Revenue from operations jumped 10.3% YoY to Rs 17,184 crore in Q1 FY27. Coforge surged 10.08% after the company reported a strong set of earnings for the quarter ended 30 June 2026. In US dollar terms, revenue stood at $592.2 million, up 33.3% YoY and 21.1% QoQ. On a consolidated basis, the company's net profit rose 63.4% YoY to Rs 518.60 crore, while it declined 15.3% sequentially. Gross revenue increased 49.2% YoY and 24.2% QoQ to Rs 5,527.70 crore in the June 2026 quarter. The company's board also gave in-principle approval to set up an entity in China to expand its operations, with further details to be shared later. The announcement came alongside the company's financial results for the quarter ended 30 June 2026. Tilaknagar Industries slipped 1.90% after the company reported a 64.30% drop in consolidated net profit to Rs 31.59 crore in Q1 FY27 as against Rs 88.50 crore in Q1 FY26. However, revenue from operations (excluding excise duty) jumped 165.54% to Rs 1,046.03 crore in Q1 FY27 as against Rs 393.92 crore in Q1 FY26. Godfrey Phillips India declined 8.24% after the company's consolidated net profit fell 44.3% to Rs 198.39 crore in Q1 FY27 from Rs 356.31 crore in Q1 FY26. Revenue from operations (excluding excise duty) declined 19.2% to Rs 1,191.85 crore in Q1 FY27 from Rs 1,474.25 crore in Q1 FY26. Aurionpro Solutions declined 11.28% after the company reported 10.62% decrease in consolidated net profit to Rs 45.86 crore on a 6.31% rise in revenue to Rs 358.07 crore in Q1 FY27 as compared with Q1 FY26. Global Markets: European market advanced amid a flurry of corporate earnings updates, as falling oil prices and a tech-led sell-off in Asian markets failed to dampen investor sentiment. Asian markets declined on Tuesday, with South Korea's Kospi plunging over 10%, as uncertainty gripped investors ahead of mega earnings announcements from the likes of Amazon, Meta Platforms and Microsoft on the calendar. A Federal Reserve rate decision is due Wednesday. Investors expect that the central bank will remain on hold, but will seek greater clarity on the path forward for monetary policy. Fed funds futures were last pricing in a quarter point hike in September, according to the CME FedWatch Tool. On Tuesday, traders will monitor the release of a consumer confidence report. Quarterly results from Coca-Cola, UPS, Corning and Boeing are due before the bell. Focus would also remain on oil prices and the bond market. The U.S. 10-year Treasury yield declined 0.56% to 4.615. Hostilities between the U.S. and Iran are on hold, as diplomats seek to give peace talks 'some space.' Focus will also be on President Donald Trump's meeting with Israeli Prime Minister Benjamin Netanyahu. The two leaders will mainly discuss about Iran. Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates. The S&P 500 edged up 0.02% to end ⁠the session at 7,413.18 points. The Nasdaq declined 0.18% to 24,932.08 points, while the Dow Jones Industrial Average rose 0.51% to 52,210.08 points.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has launched the Consumer Business Group (CBG) Gemini Experience Center (GEC) in Kolkata, India. The center will showcase AI-led innovations tailored for consumer business needs and built with Google Cloud and Google's Gemini models. With the launch of the CBG GEC in Kolkata, TCS now operates three Gemini Experience Centers in India. These include the Retail GEC at the Chennai Retail Innovation Lab and the BFSI GEC at the Bengaluru BFSI Innovation Lab, each designed to serve industry-specific innovation and transformation needs. By the end of 2026, TCS plans to establish a total of 10 GECs globally, including four in India. This expansion further strengthens TCS' global innovation footprint and underscores its strategic focus on partnering with hyperscalers to help enterprises navigate the next phase of AI-enabled transformation.

Tata Consultancy Services (TCS) announced the launch of the TCS Autonomous Engineering Lab Powered by NVIDIA at its Global Axis campus in Bengaluru. The new facility will serve as a physical AI hub to accelerate the development and real-world deployment of AI-led solutions across mobility and manufacturing using NVIDIA AI Infrastructure. The lab, which is the first of its kind, will help enterprises move from pilots to production scale deployment to design, test and validate Industrial AI solutions. It will enable customers to leverage TCS' domain expertise and accelerators to rapidly prototype and simulate use cases across a wide range of industries before deploying them in real-world mobility, manufacturing and industrial operations.

The New Terminal One at John F. Kennedy International Airport (JFK) has entered into a strategic partnership with Tata Consultancy Services (TCS) to shape the world's most advanced airport experience. As the strategic technology and innovation partner to the New Terminal One, TCS will support the delivery of an intelligent, digitally-enabled guest experience at the new terminal, delivering cost efficiencies to airlines and transforming international travel at JFK, the largest global gateway to the United States. Under the partnership, TCS will help develop a next-generation airport operations and guest experience spanning digital infrastructure, AI-enabled IT operations, and innovation initiatives. Developed with TCS' Cognix' and ignio' solutions, the solutions will provide the New Terminal One and its partner airlines end to-end visibility and proactive management of key components of the guest experience'from passenger processing and baggage handling to terminal security. This will pave the way for lower operating costs for airlines and a more efficient travel experience for their passengers.

Tata Consultancy Services (TCS) announced an expanded collaboration with ABB, a global technology leader in electrification and automation, to transform its global network operations. The engagement marks the next phase of a trusted 20-year partnership. As part of this multi-million, multi-year deal, TCS will scale its role from managing infrastructure and applications to delivering end-to-end global network operations, through an integrated network-as-a-service model. TCS will help ABB improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations. At the core of this engagement is ABB's Future Network Model programme, an enterprise-wide initiative to transform its global network into a standardized, centrally managed digital infrastructure. As a strategic programme partner, TCS will design, integrate, and run ABB's global network ecosystem as a secure, modern, and AI-driven service. It will also orchestrate ABB's multi-vendor environment to ensure seamless, standardized operations worldwide. The programme will replace fragmented network environments with a secure, scalable, and service driven architecture. It will use a centralized control framework to bring together: Service integration and management (SIAM) A global network operations center  Advanced security capabilities to safeguard infrastructure, and Modernized local area network (LAN), wide area network (WAN) and software-defined WAN systems TCS will further enable end-to-end monitoring and orchestrations, delivering high-performance connectivity across ABB's network services.

The Nifty July 2026 futures closed at 24,249.90, a premium of 43 points compared with the Nifty's closing at 24,206.90 in the cash market. In the cash market, the Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.30% to 12.25. Tata Consultancy Services, Infosys and Dixon Technologies (India) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026.Powered by Capital Market - Live

The domestic benchmark indices continued to trade with strong gains in afternoon trade, supported by sustained foreign fund inflows and buying in blue-chip stocks. Investor sentiment remained upbeat as market participants looked ahead to the Q1 FY27 earnings season for cues on corporate performance and the FY27 business outlook. The Nifty hovered above the 24,150 mark. PSU Bank, Realty and IT shares advanced while pharma and FMCG shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex surged 686.23 points o 0.89% to 77,428.56. The Nifty 50 index jumped 206.55 points or 0.85% to 24,169. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.14% and the BSE 250 SmallCap Index jumped 1%. The market breadth was strong. On the BSE, 2,747 shares rose and 1,334 shares fell. A total of 214 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement fell 69 cents or 0.90% to $75.61 a barrel. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 7.61% to 12.35. Gainers & Losers: Jio Financial Services (up 4.01%), HDFC Life Insurance (up 2.58%), Adani Enterprises (up 2.28%), Infosys (up 2.16%) and JSW Steel (up 1.96%) were the major Nifty50 gainers. Dr Reddys Laboratories (down 1.36%), Eternal (down 1.30%), Bharti Airtel (down 0.91%), Apollo Hospital (down 0.67%) and Coal India (down 0.33%) were the major Nifty50 losers. Stocks in Spotlight: Tata Consultancy Services (TCS) gained 1.45%. The company reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter. Anand Rathi Wealth added 1.02% after the company reported 23.5% rise in consolidated net profit to Rs 115.9 crore on a 17.5% increase in revenue to Rs 322 crore in Q1 FY27 as compared with Q1 FY26. Assets Under Management (AUM) as on 30 June 2026 was Rs 1,06,300 crore, up 21% YoY. Muthoot Microfin surged 13.27% after the company reported an 18% year-on-year (YoY) increase in assets under management (AUM) and strong disbursement growth in its business update for the quarter ended 30 June 2026 (Q1 FY27). RailTel Corporation of India rose 2.13% after the company announced that it has secured a work order worth Rs 18.54 crore from the Information Technology and Electronics Department, Government of Uttar Pradesh. HFCL rose 1.28% after it has secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data centre connectivity solutions. Apollo Micro Systems added 2.61% after the company signed a definitive share purchase agreement (SPA) to acquire a 41.33% promoters' stake in Premier Explosives for Rs 1,550 crore in an all-cash transaction. Ceinsys Tech rallied 3.99% after the company has has secured a Rs 67.04 crore contract from the Directorate of Urban Administration & Development, Government of Madhya Pradesh. The contract, awarded by a domestic government entity, is for a period of three years and is valued at Rs 67.04 crore. Global Markets: European market advanced as indications of continued diplomatic engagement between Washington and Tehran alleviated investor concerns about the Middle East conflict. Asian stocks advanced on Friday, tracking overnight gains on Wall Street, where a rally in semiconductor stocks lifted U.S. equities. Investor sentiment remained supported by optimism that strong corporate earnings would broaden the market rally beyond the technology sector. Attention will be on SK Hynix's U.S. market debut later on Friday after the firm priced its American Depositary Receipts at $149 on Thursday, ⁠raising about $26.5 billion, indicating strong investor appetite to gain exposure in the AI supply chain. The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking IPO last month. Overnight on Wall Street, stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions. The Nasdaq Composite gained 1.30% to 26,206.89, while the S&P 500 rose 0.81% to 7,543.64. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to 52,487.41.Powered by Capital Market - Live

One foreign brokerage retained its 'Accumulate' rating on the stock, while revising its target price to Rs 2,370 from Rs 2,410. The brokerage said TCS expects demand to improve from the September quarter and noted that management remained optimistic about the company's growth prospects. It also highlighted that continued headcount additions suggest there has been no material AI-driven disruption to the company's business model so far. Another foreign brokerage described the June quarter performance as broadly in line with expectations, citing a modest revenue beat led by India and stable margins. The brokerage added that management's optimism regarding a recovery in demand during the second quarter provides confidence in the near-term outlook. The company reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter. On a year-on-year basis, the company's consolidated net profit increased 4.6%, while revenue from operations rose 13.9%. Profit before exceptional items and tax rose 1.36% to Rs 18,612 crore in Q1 FY27 from Rs 18,362 crore recorded in Q4 FY26. The company also reported exceptional items worth Rs 668 crore during the period, primarily due to additional provisions towards the settlement of a legal claim filed by Computer Sciences Corporation (CSC), following the denial of the company's petition by the US Supreme Court. The provision relates to exemplary damages and costs awarded in the matter. The company's operating margin stood at 24%, while net margin was 19.2% during the quarter. The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26. The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially. The workforce stood at 593,798 employees as of 30 June 2026, while the last twelve months (LTM) attrition rate in IT Services was 13.6%. As of 30 June 2026, TCS had filed 9,803 patent applications, including 207 during the quarter, and had been granted 5,670 patents, of which 170 were awarded in Q1 FY27. Its AI-focused portfolio comprised 1,996 cumulative patent filings and 602 granted patents. K Krithivasan, chief executive officer and managing director, said 'Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds. We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate. As customers accelerate investments in AI, modernization, cybersecurity, sovereign cloud and platform simplification, our strong deal conversion, improving client mining and expanding ecosystem partnerships position TCS well to translate opportunity into sustained growth'. Aarthi Subramanian, executive director - president and chief operating officer, said 'Q1 was characterized by strong growth across several services. We won multiple AI-led transformation deals with our dual commitment to AI-led optimization as well as innovation-led outcomes. These wins validate our approach to AI-led efficient ITOps, accelerated Software Engineering and Modernization, AI-first process redesign and implementation of SaaS solutions and Autonomous GBS. We signed strategic partnerships with Anthropic and Mistral expanding our AI ecosystem'. Samir Seksaria, chief financial officer, said, 'In Q1, we rolled out annual wage hikes, strengthened our partnership ecosystem, and targeted investments to enhance long-term competitiveness. We remain focused on building, acquiring, or partnering for AI-led capabilities while maintaining disciplined execution, industryleading profitability and return ratios'. Sudeep Kunnumal, chief HR officer, said 'This quarter, we completed annual salary increments for all associates globally and aligned salary structures with the new India Labour Code requirements. We continue to invest in AI infrastructure, next-generation skill development platforms, to enable our people to be futureready, while fostering a workplace where every associate feels safe, valued, trusted and empowered to grow'. Meanwhile, the board of directors declared an interim dividend of Rs 12 per equity share of Re 1 each. The record date for determining eligible shareholders is 15 July 2026 and the dividend will be paid on 31 July 2026. TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. Powered by Capital Market - Live