TCS

shares surge over 3% after Q1 earnings as brokerages remain positive on AI growth, demand outlook

shares climbed more than 3% on Friday, emerging as the top gainer on the Nifty after the company's June-quarter earnings and upbeat management commentary boosted investor confidence. Optimism around a gradual demand recovery from the second quarter and strong AI-driven deal momentum supported the stock, despite persistent margin pressure. The stock advanced as much as 3.45% in early trade to ₹2,120.30 after posted Q1 revenue of ₹72,275 crore, slightly above market expectations, while net profit of ₹13,349 crore came in marginally below estimates. The company also highlighted annualised AI revenue of $2.6 billion and secured deal wins worth $9.5 billion during the quarter, reflecting sustained momentum in enterprise AI adoption and reinforcing positive sentiment among brokerages. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.