Shares of IT bellwether Tata Consultancy Services (TCS) dipped 2% to Rs 2,016 on the BSE on Thursday as the company is all set to announce its results for the April-June quarter of the ongoing financial year 2027, officially kickstarting the Q1 earnings season for the IT pack on Dalal Street.
TCS shares have already crashed more than 36% this year so far amid multiple headwinds including AI worries, inflationary pressures due to the Middle East war and more. In this background, analysts on Dalal Street expect India’s largest IT services company to report modest profit growth for Q1 FY27, with weak revenue momentum.