Tata Consultancy Services Ltd Stock performance and valuation

$TCS TCS is trading around ₹2,260–₹2,400, with a 52‑week range of roughly ₹2,206–₹3,538, and the recent rally has been driven by hopes of IT sector recovery, margin stabilisation, and valuation re‑rating after a prolonged period of underperformance. The stock is trading at about 8.26x book value, with a market cap down ~29% over the last year, suggesting that the recent bounce may be a relief rally after a deep correction.