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TCS Q2 beat seen leading to flat to slightly higher stock trade
Tata Consultancy Services reported second-quarter results for FY 2026-27 on Oct. 8, with annualised AI revenue exceeding $3 billion, or 10% of total revenue.
Tata Consultancy Services marginally beat Street estimates after reporting its second-quarter results for financial year 2026-27 on Thursday, Oct. 8, and the focus has shifted to how the stock trades in the next session on Friday, Oct. 9, according to LiveMint Markets.
An analyst cited by LiveMint Markets expects a “flat to slightly positive” opening and said the share price may trade in a range of about ₹2,080 to ₹2,200 on Friday.
The analyst pointed to ₹2,000 as a key technical support level after the stock’s August decline, and said if that level holds, the shares could move toward ₹2,250 to ₹2,300 over the next few months.
LiveMint Markets also noted that while TCS posted profit above expectations and annualised AI revenue exceeded $3 billion, or 10% of total revenue, the analyst cautioned that AI growth is offsetting weakness in legacy business, limiting the near-term rally outlook.