IT Stocks Under Pressure After TCS Q1 Results
Shares of Tata Consultancy Services (TCS) fell over 2.5% during the day after the company reported its Q1FY25 results. While net profit rose 6% to Rs 12,760 crore (largely aided by non-core income), revenue declined by nearly 3% on a constant currency basis due to macro headwinds and the ramp-down of the BSNL deal.
