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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