Tata Consultancy Services (NSE: TCS) slipped 4% to ₹3,266 on Friday after the tech major’s Q1 results failed to ignite confidence on the Street. The numbers weren’t bad, but in this market, “not bad” just isn’t good enough.
Net profit came in at ₹12,151 crore, up 8.6% YoY, while revenue rose 5.4% to ₹63,670 crore. Margins saw a modest uptick, but it was the tone of the management commentary, not the figures that triggered the selloff.
Deal wins for the quarter stood at $8.1 billion, down from $10.2 billion last time. That was the red flag.
With growth in key verticals like BFSI and retail still sluggish and no major pipeline recovery in North America, traders dumped the stock in early Friday trades. This wasn’t about missing estimates, it was about fading visibility.
TCS Share Price Technical Levels
- Current Price: ₹3,266
- Resistance: ₹3,596, then ₹3,777
- Support Zones: ₹3,200, then ₹3,050
- MACD: Bearish crossover intact, no reversal signal yet
TCS isn’t alone. Infosys, Wipro, and HCLTech are trading soft ahead of their own results, as investor appetite for IT defensives fades. A stronger rupee, weak tech capex in the U.S., and extended sales cycles have all made FY26 a slow burn for the sector.
TCS still looks stable on paper, but the market is no longer rewarding safety, it’s chasing growth. Until deal flows rebound or management upgrades its tone, the ₹3,200 level may keep getting tested.
For now, it’s a wait-and-watch quarter.