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TCS hits 5-year low as IT stocks face AI concerns
short by / on Monday, 8 June, 2026
TCS shares fell 2.5% to a nearly five-year low of ₹2,144 on Monday amid continued selling in IT stocks. The stock has declined nearly 33% so far in 2026, as investors assess the potential impact of AI on traditional IT services. Weakness in US tech stocks and concerns over global growth also weighed on sentiment.
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