TCS hits 6-year low: Should investors buy the dip or wait?
TCS hits 6-year low: Should investors buy the dip or wait?
2026 has not panned out exactly in favour of the IT services sector stock. Key large cap stocks like TCS have borne the brunt of the selling. The share price of this Tata Group company, which is also India’s largest IT services firm, has fallen to 6-year lows. While near-term concerns remain, is it a right time to invest in the stock?
In terms of valuation, TCS share price is currently trading at a price-to-earnings ratio of 15.35, dangerously close to the Rs 2,000 per share mark. In fact, it even slipped below this in intra-day trade recently.
