TCS Share Price Falls 5.77% to ₹2,741.90, on Fresh AI Concerns and as Strong US Jobs Data Dim Fed-Rate Cut: Hits Near 52-Week Low

Tata Consultancy Services Ltd (NSE: TCS) declined 5.77% to close at ₹2,741.70 on 12 February, down ₹167.90 from its previous close of ₹2,909.80, according to exchange data. At the same time, the stock moved close to its 52-week low of ₹2,740.

The decline pulled the company’s market capitalisation to around ₹9.96 lakh crore, slipping below the ₹10 lakh crore mark for the first time since December 2020.

Why the TCS Share Price Moved

The fall in TCS was aligned with weakness in the broader information technology segment. Peer stocks were also traded lower, with Infosys was down 5.97%, LTIMindtree declined 5.97%, Tech Mahindra fell 6.40%, Persistent Systems dropped 4.70%, Wipro slipped 4.79%, and HCL Technologies was lower by 5.20%.

IT stocks came under heavy selling pressure on Thursday, February 12, following a sharp sell-off in global technology stocks amid renewed concerns around disruptions caused by AI-led start-ups. Moreover, stronger-than-expected US jobs data also weakened hopes of a near-term rate cut by the US Federal Reserve, adding to the negative sentiment.

The NIFTY IT index was down 5.51% at 33160.20 at the same time, reflecting sector-wide pressure. This made it the worst-performing sectoral index on the benchmarks for the day. IT stocks lost ₹1.3 lakh crore in valuation, bringing the market capitalisation of the pack to ₹27.6 lakh crore during the session.

The weakness reflects growing investor anxiety that rapid advances in artificial intelligence could weigh on pricing power, deal wins and long-term earnings visibility for traditional software services companies.

Stock Performance Snapshot

On the NSE, on 12 February, TCS was closed at ₹2,741.90, down 5.77% of ₹167.90. The stock opened at ₹2,869.80, touched an intraday high of ₹2,880.00, and fell to a low of ₹2,740.00 during the session.

The 52-week high stands at ₹4,021.75, while ₹2,740.00 marks the current 52-week low. The company’s price-to-earnings (P/E) ratio is 20.79, and the dividend yield is 2.30%.

What This Means for Investors

The stock’s decline below its previous close and its move to a 52-week low signal near-term valuation pressure within large-cap IT stocks. The fall in market capitalisation below ₹10 lakh crore represents a key market milestone.

Operationally, TCS continues to operate across IT services, consulting and business solutions globally. Future stock movement may remain linked to earnings disclosures, deal announcements, margin trends and management commentary released through regulatory filings.

On 12 February, TCS shares closed at ₹2,741.90, down 5.77%, nearly touching its 52-week low of ₹2,740.00. The decline reduced the company’s market capitalisation to around ₹9.96 lakh crore, according to exchange data.

References: https://www.nseindia.com/get-quote/equity/TCS/Tata-Consultancy-Services-Limited