TCS down 3%: Wage hike pending, growth visibility hazy – Is now the time to Buy? Brokerages weigh in
The TCS share price is down 3% and the entire pack of Information and technology stocks is under pressure after the TCS Q1 numbers were announced yesterday. The stock is down nearly 18% so far in 2025. While the Q1FY26 net profit came in higher than estimates, the company has not yet made a decision on the wage hike. Moreover, the revenue fell 3.3% QoQ due to a sharp ramp-down in BSNL. Brokerages have cut their earnings estimates for TCS.
