Tata Consultancy Services Ltd Share Price – NSE /  BSE

IT - Software, Mid Cap

The New Terminal One at John F. Kennedy International Airport (JFK) has entered into a strategic partnership with Tata Consultancy Services (TCS) to shape the world's most advanced airport experience.

As the strategic technology and innovation partner to the New Terminal One, TCS will support the delivery of an intelligent, digitally-enabled guest experience at the new terminal, delivering cost efficiencies to airlines and transforming international travel at JFK, the largest global gateway to the United States.

Under the partnership, TCS will help develop a next-generation airport operations and guest experience spanning digital infrastructure, AI-enabled IT operations, and innovation initiatives. Developed with TCS' Cognix? and ignio? solutions, the solutions will provide the New Terminal One and its partner airlines end to-end visibility and proactive management of key components of the guest experience?from passenger processing and baggage handling to terminal security. This will pave the way for lower operating costs for airlines and a more efficient travel experience for their passengers.

Tata Consultancy Services (TCS) announced an expanded collaboration with ABB, a global technology leader in electrification and automation, to transform its global network operations. The engagement marks the next phase of a trusted 20-year partnership.

As part of this multi-million, multi-year deal, TCS will scale its role from managing infrastructure and applications to delivering end-to-end global network operations, through an integrated network-as-a-service model. TCS will help ABB improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations. At the core of this engagement is ABB's Future Network Model programme, an enterprise-wide initiative to transform its global network into a standardized, centrally managed digital infrastructure.

As a strategic programme partner, TCS will design, integrate, and run ABB's global network ecosystem as a secure, modern, and AI-driven service. It will also orchestrate ABB's multi-vendor environment to ensure seamless, standardized operations worldwide. The programme will replace fragmented network environments with a secure, scalable, and service driven architecture. It will use a centralized control framework to bring together:

• Service integration and management (SIAM)
• A global network operations center 
• Advanced security capabilities to safeguard infrastructure, and
• Modernized local area network (LAN), wide area network (WAN) and software-defined WAN systems

TCS will further enable end-to-end monitoring and orchestrations, delivering high-performance connectivity across ABB's network services.

The domestic benchmark indices continued to trade with strong gains in afternoon trade, supported by sustained foreign fund inflows and buying in blue-chip stocks. Investor sentiment remained upbeat as market participants looked ahead to the Q1 FY27 earnings season for cues on corporate performance and the FY27 business outlook. The Nifty hovered above the 24,150 mark.

PSU Bank, Realty and IT shares advanced while pharma and FMCG shares declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex surged 686.23 points o 0.89% to 77,428.56. The Nifty 50 index jumped 206.55 points or 0.85% to 24,169.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.14% and the BSE 250 SmallCap Index jumped 1%.

The market breadth was strong. On the BSE, 2,747 shares rose and 1,334 shares fell. A total of 214 shares were unchanged.

In the commodities market, Brent crude for September 2026 settlement fell 69 cents or 0.90% to $75.61 a barrel.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 7.61% to 12.35.

Gainers & Losers:

Jio Financial Services (up 4.01%), HDFC Life Insurance (up 2.58%), Adani Enterprises (up 2.28%), Infosys (up 2.16%) and JSW Steel (up 1.96%) were the major Nifty50 gainers.

Dr Reddys Laboratories (down 1.36%), Eternal (down 1.30%), Bharti Airtel (down 0.91%), Apollo Hospital (down 0.67%) and Coal India (down 0.33%) were the major Nifty50 losers.

Stocks in Spotlight:

Tata Consultancy Services (TCS) gained 1.45%. The company reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter.

Anand Rathi Wealth added 1.02% after the company reported 23.5% rise in consolidated net profit to Rs 115.9 crore on a 17.5% increase in revenue to Rs 322 crore in Q1 FY27 as compared with Q1 FY26. Assets Under Management (AUM) as on 30 June 2026 was Rs 1,06,300 crore, up 21% YoY.

Muthoot Microfin surged 13.27% after the company reported an 18% year-on-year (YoY) increase in assets under management (AUM) and strong disbursement growth in its business update for the quarter ended 30 June 2026 (Q1 FY27).

RailTel Corporation of India rose 2.13% after the company announced that it has secured a work order worth Rs 18.54 crore from the Information Technology and Electronics Department, Government of Uttar Pradesh.

HFCL rose 1.28% after it has secured an international order worth approximately $51.98 million (around Rs 495.8 crore) for the supply of optical fiber cable-based data centre connectivity solutions.

Apollo Micro Systems added 2.61% after the company signed a definitive share purchase agreement (SPA) to acquire a 41.33% promoters' stake in Premier Explosives for Rs 1,550 crore in an all-cash transaction.

Ceinsys Tech rallied 3.99% after the company has has secured a Rs 67.04 crore contract from the Directorate of Urban Administration & Development, Government of Madhya Pradesh. The contract, awarded by a domestic government entity, is for a period of three years and is valued at Rs 67.04 crore.

Global Markets:

European market advanced as indications of continued diplomatic engagement between Washington and Tehran alleviated investor concerns about the Middle East conflict.

Asian stocks advanced on Friday, tracking overnight gains on Wall Street, where a rally in semiconductor stocks lifted U.S. equities. Investor sentiment remained supported by optimism that strong corporate earnings would broaden the market rally beyond the technology sector.

Attention will be on SK Hynix's U.S. market debut later on Friday after the firm priced its American Depositary Receipts at $149 on Thursday, ⁠raising about $26.5 billion, indicating strong investor appetite to gain exposure in the AI supply chain.

The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking IPO last month.

Overnight on Wall Street, stocks rose on Thursday, bolstered by a jump in semiconductors and a fall in oil prices, as equity markets tried to recover in spite of renewed U.S.-Iran tensions.

The Nasdaq Composite gained 1.30% to 26,206.89, while the S&P 500 rose 0.81% to 7,543.64. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to 52,487.41.

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A foreign brokerage retained its 'Accumulate' rating on the stock, while revising its target price to Rs 2,370 from Rs 2,410. The brokerage said TCS expects demand to improve from the September quarter and noted that management remained optimistic about the company's growth prospects. It also highlighted that continued headcount additions suggest there has been no material AI-driven disruption to the company's business model so far.

Another foreign brokerage described the June quarter performance as broadly in line with expectations, citing a modest revenue beat led by India and stable margins. The brokerage added that management's optimism regarding a recovery in demand during the second quarter provides confidence in the near-term outlook.

The IT major reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26. Revenue from operations rose 2.2% sequentially to Rs 72,275 crore in Q1 FY27 from Rs 70,698 crore in the preceding quarter. In constant currency terms, revenue grew 0.4% quarter-on-quarter.

On a year-on-year basis, the company's consolidated net profit increased 4.6%, while revenue from operations rose 13.9%.

Profit before exceptional items and tax rose 1.36% to Rs 18,612 crore in Q1 FY27 from Rs 18,362 crore recorded in Q4 FY26. The company also reported exceptional items worth Rs 668 crore during the period, primarily due to additional provisions towards the settlement of a legal claim filed by Computer Sciences Corporation (CSC), following the denial of the company's petition by the US Supreme Court. The provision relates to exemplary damages and costs awarded in the matter.

The company's operating margin stood at 24%, while net margin was 19.2% during the quarter.

The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26.

The company's annualised AI revenue reached $2.6 billion during the quarter, up 13.6% sequentially.

The workforce stood at 593,798 employees as of 30 June 2026, while the last twelve months (LTM) attrition rate in IT Services was 13.6%.

As of 30 June 2026, TCS had filed 9,803 patent applications, including 207 during the quarter, and had been granted 5,670 patents, of which 170 were awarded in Q1 FY27. Its AI-focused portfolio comprised 1,996 cumulative patent filings and 602 granted patents.

K Krithivasan, chief executive officer and managing director, said ?Q1 FY27 reflects continued growth momentum and the strength of our strategic positioning, despite geopolitical and macro-economic headwinds. We delivered a strong order book of $9.5 billion, including a marquee AI-led transformation deal with SKF, while continuing to add clients across key revenue bands and scaling our AI business to a $2.6 billion annualized revenue run rate. As customers accelerate investments in AI, modernization, cybersecurity, sovereign cloud and platform simplification, our strong deal conversion, improving client mining and expanding ecosystem partnerships position TCS well to translate opportunity into sustained growth?.

Aarthi Subramanian, executive director - president and chief operating officer, said ?Q1 was characterized by strong growth across several services. We won multiple AI-led transformation deals with our dual commitment to AI-led optimization as well as innovation-led outcomes. These wins validate our approach to AI-led efficient ITOps, accelerated Software Engineering and Modernization, AI-first process redesign and implementation of SaaS solutions and Autonomous GBS. We signed strategic partnerships with Anthropic and Mistral expanding our AI ecosystem?.

Samir Seksaria, chief financial officer, said, ?In Q1, we rolled out annual wage hikes, strengthened our partnership ecosystem, and targeted investments to enhance long-term competitiveness. We remain focused on building, acquiring, or partnering for AI-led capabilities while maintaining disciplined execution, industryleading profitability and return ratios?.

Sudeep Kunnumal, chief HR officer, said ?This quarter, we completed annual salary increments for all associates globally and aligned salary structures with the new India Labour Code requirements. We continue to invest in AI infrastructure, next-generation skill development platforms, to enable our people to be futureready, while fostering a workplace where every associate feels safe, valued, trusted and empowered to grow?.

Meanwhile, the board of directors declared an interim dividend of Rs 12 per equity share of Re 1 each. The record date for determining eligible shareholders is 15 July 2026 and the dividend will be paid on 31 July 2026.

TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide.

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