TCS Shares Crash 44% From Peak to Hit Over 5-Year Low; More Downside Ahead?
Shares of Tata Consultancy Services (TCS) plunged to a five-and-a-half-year low of ₹2,585 on Friday as the ongoing IT sector rout intensified for the second consecutive session. The sharp fall has wiped out significant shareholder value, with the stock now down 44% from its all-time high of ₹4,592 recorded in August 2024.
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