TCS shares jump over 4% after June-quarter profit growth, AI momentum fuel recovery hopes

Shares of TCS climbed over 4 per cent on Friday after the country’s largest IT services company reported a 4.61 per cent increase in its June-quarter net profit, and rising AI-related revenue raising hopes for a gradual earnings recovery and guided towards an improvement in demand impacted by the West Asia crisis, returning in the ongoing quarter.

The bellwether stock jumped 4.11 per cent to Rs 2,132 on the BSE.