TCS Share Price Live Updates: TCS Trading Day Summary
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India.com
16 minutes ago
- India.com
Bharti Airtel hits massive JACKPOT, surpasses Tata's biggest company to become..., Mukesh Ambani's Reliance holds top spot, HDFC bank ranks...
Good news for Airtel users, now get Perplexity Pro AI annual subscription worth Rs 17000 for FREE, offer open to customers using..., here's how to claim it New Delhi: Bharti Airtel, one of India's largest telecom companies, has achieved a major milestone. According to the reports, Airtel has surpassed Tata Consultancy Services (TCS), the largest company of the Tata Group, to claim the third position in terms of market capitalization. Airtel's shares spiked by 1 percent, taking its market cap to Rs 11.45 lakh crore, which is over Rs 2,220 crore higher than that of TCS on Monday. Which company is at number one? Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. The company owns a market capitalization of Rs 19.3 lakh crore. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Airtel has now replaced TCS to become the third most valuable company. Airtel's market capitalization has jumped by Rs 2 lakh crore this year. Here are some of the key details: Airtel has become the second-largest company in the Nifty50 after Reliance Industries. As for TCS, it has been facing a decline in market value. The drop in the market is attributed to weakness in the US markets and concerns related to AI. Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Earlier, in 2009, Airtel had overtaken TCS, but at that time TCS was not in the third position. Several brokerage firms, including Jefferies, have given a bullish outlook on Airtel. They have described Airtel as an attractive investment option in light of India's growing consumption. Their estimate is that Airtel's earnings will continue to grow further, and its shares are likely to rise. It is important to note as of March 2025, Airtel had a total of 609.44 crore outstanding shares, including 39.23 crore partly-paid shares. So far this year, Airtel's shares have seen a 20.2 percent increase, while TCS shares have fallen by 22 percent.
The Hindu
9 hours ago
- The Hindu
How is AI reshaping India's infotech sector?
The story so far: Recent announcements from Tata Consultancy Services (TCS) — a reported freeze on experienced hires, and the planned removal of 12,000 employees — have sent ripples of anxiety across the Indian tech sector. The Indian IT industry, which generates $280 billion in revenue and employs more than 5.8 million people, is at a crossroads. Why is a shake-up happening? While headlines often sensationalise these events as a direct consequence of AI (artificial intelligence) 'culling jobs', a far more complex scenario is playing out. 'These developments are not isolated incidents but rather critical indicators of AI-catalysed transformation sweeping through software development and IT services, demanding a holistic re-evaluation of business models, talent strategies, and the very nature of work,' says Avinash Vashistha, former MD, Accenture India, and currently Chairman & CEO, Tholons, a New York-based technology, innovation and investment firm. At the heart of this transformation is AI's capacity to drive unprecedented efficiencies across the entire software development lifecycle. Why is AI gaining momentum now? In a climate where most deal wins are being led by cost-optimisation initiatives, demonstrating efficiency is paramount for investor confidence, and AI-led productivity is helping companies do that, Mr. Vashistha says. AI-powered coding assistants, code generation tools, and intelligent debuggers are already enabling over 30% productivity boosts. The impact extends powerfully into the critical, often resource-intensive domains of testing and maintenance. AI in software testing is a game-changer. AI-driven tools can minimise human error and enhance the overall accuracy of test results by leveraging data-driven insights. How will it impact jobs? AI is no longer a futuristic technology limited to labs and startups. It is becoming the very fabric of how work gets done in global enterprises. In 2025 alone, more than $1 trillion is expected to be spent globally on AI infrastructure, model training, and application development. 'From generative AI chatbots to intelligent automation in back-end systems, AI is now shaping everything — how customer service is delivered and how decisions are made in boardrooms. This shift has already started to impact hiring and organisational structures. In the U.S., the CEO of Wells Fargo remarked that 'attrition is our best friend', after the company reduced its workforce for 20 straight quarters,' points out V. Balakrishnan, Chairman, Exfinity Ventures, a venture capital firm, also former CFO at Infosys. AI, automation, and low-code platforms are creating environments where fewer people can do more and do it faster. Does this mean more business for India? Most large global firms grapple with legacy infrastructure, poor-quality data, and fragmented systems which are major barriers to rolling out intelligent solutions at scale. Also, with global AI regulations like the EU's AI Act coming into force, companies will need to demonstrate responsible AI usage, privacy compliance, and algorithmic fairness. 'This is where Indian IT can play a pivotal role. By helping global clients clean and organise data, modernise old systems, and build compliant AI solutions, Indian firms can reposition themselves as indispensable partners for the AI era. Rather than being disrupted by AI, they can become the very agents that help their clients adopt it effectively,' says Mr. Balakrishnan. What's the message TCS is sending? Industry experts say TCS, with its vast workforce of 6,07,979 employees as of March 2025, is an industry bellwether. Its recent announcements are a strategic message to the stock market, to employees, and to global clients, Mr. Vashishta says. For the stock market, such moves signal a disciplined approach to cost optimisation and a proactive stance in adapting to a changing market. For clients, TCS's actions communicate its commitment to delivering highly efficient, AI-catalysed solutions. To employees, the message is one of heightened expectations and the need for continuous skill transformation. For more than three decades, India's IT services industry — spearheaded by TCS, Infosys, Wipro, and their peers — has been the bedrock of its global digital identity, earning India its place as the 'back office of the world'. But that era is 'sunsetting', says Sharad Sharma, co-founder of the ISPIRT Foundation. A seminal shift, which Andrej Karpathy, former technology head of Tesla, calls Software 2.0 & 3.0, 'will change things fundamentally and reduce the advantage of scale'. India's tech future will not be built by coding armies billing hours for legacy systems. It will be built by lean, AI-native small firms solving complex problems in healthcare, defence, fintech, sustainability, education, and beyond. 'Tech firms no longer need a large IT park to serve global clients. A team of 50 can out-innovate a team of 5,000,' Mr. Sharma says. What does this mean for Indian techies? AI is not likely to replace coders/system engineers who code in C++, which is used to build operating systems, gaming, graphics, and critical secure applications. Wherever human ingenuity, critical thinking, and imagination is needed, AI is yet to make a huge practical impact. B.S. Murthy, CEO, Leadership Capital, says, 'AI will not immediately replace domain competencies like tech architects, dev ops, UI/UX, product management, robotics & embedded systems. Talent high on math and imagination will rule the roost in this decade.' Developers should evolve into supervisors and collaborators who focus on strategic decisions, ethical considerations, domain-specific logic, security planning and creative problem-solving that AI cannot replicate, Mr. Murthy adds. Mr. Vashishta notes that the 'TCS situation, therefore, is not a harbinger of doom, but a potent call for every stakeholder in the Indian tech ecosystem to adapt, evolve, and thrive in the age of AI.' Why is the tech sector is no longer just about scale? The Indian tech sector remains a powerhouse, contributing significantly to India's GDP and exports. It employs an army of people and is a global leader in IT services, driven by a large pool of skilled talent, government support for digitisation, and a vibrant startup ecosystem. India continues to be a major hub for multinational corporations setting up GCCs for various business functions. However, the sector is no longer just about scale; it's about specialised expertise and leveraging cutting-edge technologies. The current flux, while challenging, presents an unparalleled opportunity for the Indian IT sector to shed its 'stuffy image,' embrace AI as a core competency, and solidify its position as a global leader in the new era of intelligent automation and digital innovation. 'As AI begins to transform global workflows, business priorities, and customer expectations, the foundational strengths of India's IT sector—people, processes, and predictability — are being put to the test,' says Mr. Balakrishnan.
Economic Times
a day ago
- Economic Times
FII selling crosses Rs 50,000 crore in IT stocks in 2025. Is tech dead money or just misunderstood?
Pushing Nifty IT index down a staggering 25% and making it the market's worst-performing segment, foreign institutional investors (FIIs) have dumped over Rs 50,000 crore worth of IT stocks so far in 2025. Out of Rs 95,600 crore that foreign investors have withdrawn from Indian markets through July, more than half has come from just one corner which was once the darling of global investors. ADVERTISEMENT The selling momentum accelerated dramatically last month, with FIIs offloading nearly Rs 20,000 crore worth of IT stocks as disappointing Q1 earnings and widespread layoff announcements shattered any hopes of a near-term recovery. IT bellwether Tata Consultancy Services (TCS), which announced layoffs of 12,000 employees, representing 2% of its workforce, has been the worst hit in the rout. The stock's performance in 2025 marks its worst phase since the 2008 global financial crisis. Peers Infosys has plummeted 29% from its peak, HCL Technologies has shed 27%, while Wipro and LTIMindtree have both declined 26%. Midcap IT stocks are no better, with OFSS down 36%, Persistent Systems falling 25%, and Coforge retreating 20% from their 52-week highs. "Revenue performance was weak in the quarter, with four of the five large IT companies reporting revenue decline quarter-on-quarter and three of the five on a year-on-year basis," analysts at Kotak Securities pointed out, highlighting the broad-based nature of the sector's troubles. Companies have cited various factors for the weak demand environment, including tariff impacts and subdued discretionary spending across multiple verticals—painting a picture of global clients tightening their technology budgets. ADVERTISEMENT "Weak demand has led to underwhelming results across the IT sector. This softness has manifested in multiple ways—margin pressure, increased reliance on balance sheets to drive growth, and heightened aggression in cost take-out deals," said Kawaljeet Saluja of Kotak companies implementing wage deferrals and aggressive cost optimization measures, margins have remained under relentless pressure. EBIT margins declined year-on-year for the top three players, with profitability pressures visible across the board. ADVERTISEMENT "While companies have managed to protect margins during weak demand phases through efficiency measures, wage deferrals, and cost controls, the levers appear largely exhausted after nearly three years of subdued demand," Saluja noted, warning that large cost take-out deals are inherently margin-dilutive. Also Read | FIIs just pulled out $4 billion from 5 sectors. Should you join the selling spree? ADVERTISEMENT The sector's woes deepened with news of employee retrenchments adding fuel to the fire. Beyond TCS's 12,000 job cuts, HCL Technologies announced it is adjusting talent deployment outside India, sparking debates about generative AI beginning to impact the workforce. However, BNP Paribas's Kumar Rakesh sees these retrenchments differently: "We see these retrenchments as a sign of demand supply mismatch and margin pressure. Notably, this is happening at a time when, for most IT Services firms, attrition is rising, utilisation rates are close to their peak, and hiring, especially of freshers, continues." ADVERTISEMENT Out of 15 Indian IT services companies analyzed by BNP Paribas, 53% beat consensus revenue growth estimates, an improvement from just 20% last quarter. However, 60% missed on margin expectations, with some flagging incremental margin pressure ahead."While no company's results were a clear positive surprise, TCS' results were the weakest in this earnings season," said Kumar Rakesh of BNP brutal correction has at least made valuations more palatable. Following the sell-off, valuations are now undemanding with free cash flow yields of over 4.5% and payout yields of approximately 4%.This has caught the attention of some analysts. Global brokerage Jefferies upgraded the IT sector to neutral from underweight earlier this week, citing attractive valuations relative to the Nifty."While we remain concerned on long-term stock performance for IT companies given single-digit EPS growth outlook, we believe conditions are ripe for a near-term tactical bounce," Jefferies said while adding Infosys to its model market veterans are beginning to see opportunity in the wreckage. Jimeet Modi of Samco Group expects decent revenue growth ahead, arguing that India's IT firms benefit from lower operating costs and a large, skilled workforce."These structural advantages should support a gradual recovery in H2 2025, making current levels a selective entry point for long-term investors in top-quality IT names," he analysts caution that a major re-rating for the sector hinges on the emergence of a new technology cycle and meaningful earnings upgrades. Also Read | Jefferies upgrades Street's most hated stocks, says Q1 earnings not too bad Kotak prefers Infosys, Tech Mahindra, Coforge, and Hexaware Motilal Oswal continues to prioritize HCL Technologies and Tech Mahindra in large-cap, and Coforge in mid-tier categories Jefferies' India model portfolio includes Infosys, Coforge and Sagility India BNP Paribas maintains buy calls on HCL Technologies, Infosys, Persistent Systems and TCS As the sector grapples with one of its deepest crises in the last few years, the question remains whether this bloodbath represents a capitulation bottom or merely the beginning of a longer winter for India's once-unstoppable technology sector.
