Tata Consultancy Services Ltd is trading at ₹2,268.8, down 1.53% on the day as of 13:19 IST on the NSE, according to reports from Business Standard. The stock has dropped for a fifth consecutive session, reflecting sustained selling pressure in the IT sector. The benchmark NIFTY is down around 0.6% on the day, quoting at 23,754.05, while the Sensex stands at 76,038.44, down 0.62%. However, the broader market sentiment has been impacted by escalating Iran-US tensions and rising crude oil prices, with WTI Crude rising 0.66% to $92.08 and Brent Crude trading higher by 0.58% at $96.84.
Despite the recent decline, TCS has lost approximately 6.47% in the last one month, as reported by Business Standard. The Nifty IT index, of which TCS is a constituent, has eased around 5.49% in the same period and is currently quoting at 30,695.1, down 2.61% on the day. However, the stock's performance over the longer term shows significant underperformance, with TCS tumbling 24.85% in the last one year, contrasting sharply with the NIFTY's decline of only 4.11% and the Nifty IT index's fall of 12.87% during the same period. The current decline is attributed to Iranian threats to establish a new restricted maritime zone near Strait of Hormuz, through which around 20% of global crude oil supplies pass, as reported by Reuters.
According to Business Standard reports, the volume in TCS stock stood at 14.92 lakh shares today, compared to the daily average of 25.66 lakh shares in the last one month. The benchmark September futures contract for the stock is quoting at ₹2,271.3, down 2.17% on the day. The stock's PE ratio stands at 15.46 based on TTM earnings ending June 26. The broader market sentiment has been impacted by Iranian officials warning of a "faster, heavier and more painful" retaliation in case of further US attacks, as reported by Reuters.
The IT sector has emerged as the worst performer with the Nifty IT index declining 1.17%, while Nifty Media fell 2.50% and Nifty Metal dropped 0.71% on Monday morning trade. Among individual stocks, Infosys was the top loser, plummeting 1.97% to ₹1,087.50, followed by Tech Mahindra down 1.43% to ₹1,557.50. However, Nifty Chemicals (+0.11%), Nifty Pharma (+0.09%), and Nifty Healthcare Index (+0.06%) provided some defensive cushion to the broad market sell-off. The sectoral weakness reflects investor concerns over crude oil price volatility and Iran-US conflict escalation, with any further attacks potentially disrupting global supply chains.
