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Why Is TCS Stock Up Today?
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Tata Consultancy Services (TCS) shares has surged 6.2% on October 9, 2026, after the company reported its second-quarter FY27 results. Investor sentiment improved as TCS maintained its operating margin at 24% despite higher investments in artificial intelligence (AI). TCS reported a net profit of ₹13,884 crore, up 14.9% year-on-year, while revenue increased 11.2% to ₹73,188 crore. Its annualised AI revenue reached $3.1 billion, up 20% quarter-on-quarter. The broader IT sector also rallied, with investors looking past concerns over US work visa restrictions.
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