TCS shares jump 4% after Q1 earnings: Brokerages cheer near-term recovery but flag long-term concerns

Tata Consultancy Services has kicked off earnings season on an encouraging note and set the tone for other tech stocks. The tech giant shares surged 4% to a high of Rs 2,133.30 on the NSE after delivering a largely in-line set of numbers. While most analysts see green shoots over the short-term, they have maintained a cautious tone about the longer-term expectations.