The Stock That Lost 40% and Is Fighting Back | $TCS

$TCS While financials dominate today's loser board, one name is quietly having its best week in months — and the numbers behind it are worth understanding properly. TCS shares climbed over 5 per cent earlier this week to Rs 2,411, after the company reported Q1 FY27 revenue of Rs 72,275 crore — beating estimates — while maintaining EBIT margins at 24 per cent despite annual wage hike headwinds. Deal wins of $9.5 billion TCV in the quarter, including a landmark $800 million AI transformation deal with SKF, reinforced confidence that the underlying demand recovery is real. Today, with financial stocks dragging the index lower, TCS is again providing relative support to the broader market — a pattern that has become familiar as the IT sector has staged one of the sharpest recoveries of the year. The Nifty IT index gained nearly 16 per cent through July 2026, recovering over 21 per cent from its 52-week low of 25,699 hit on July 1, even as the broader Nifty remained range-bound. The longer arc of the TCS story frames today's price in stark terms. The 52-week high was Rs 3,489.90. The 52-week low of Rs 1,976.80 was hit as recently as July 1 — just five weeks ago. At current levels around Rs 2,300, the stock has recovered nearly 16 per cent from that floor but remains 34 per cent below the peak. Currency tailwinds from a weaker rupee, improving global tech budgets, and AI-led deal momentum are the three pillars the street is now relying on to close that gap through FY27.