TCS nears 52-week low on growth concerns; stock down 19% from December high

TCS share price: Shares of IT major Tata Consultancy Services (TCS) continued to remain under pressure, hitting a new eight-month low of Rs 3,624.90, down 1 per cent on the BSE in Tuesday’s intra-day trade.

In the past two days, the stock price of information technology (IT) Services Company has declined 4 per cent on fears of a slowing US economy. It is trading close to its 52-week low of Rs 3,593.30 touched on June 4, 2024.