TCS experienced a sharp decline on February 12, 2026, with its share price falling to a 52 week low of ₹2,776. The move reduced the company’s market capitalisation to just under ₹10 lakh crore, marking a notable shift in India’s listed‑company hierarchy.
The stock dropped up to 4.5% after the release of US jobs data that tempered expectations of near term rate cuts. At the same time, Anthropic, the US AI start‑up behind the Claude chatbot, launched a legal‑team tool that heightened fears of AI disruption in the IT sector.
The combined effect pushed TCS’s market value below the ₹10 lakh crore threshold, allowing State Bank of India to overtake it as the fourth largest listed firm by market capitalisation.
The sell‑off spread across the Nifty IT index, which fell nearly 4%. Major peers such as Infosys, HCLTech, Mphasis and Wipro each lost between 4% and 5%.
The broad decline erased roughly ₹1.3 lakh crore in market capitalisation, reducing the total value of Nifty IT constituents to around ₹27.6 lakh crore.
For the December quarter, TCS reported a 14% year on year decline in profit after tax, which fell to ₹10,657 crore from ₹12,380 crore a year earlier.
Revenue from operations rose 5% year on year to ₹67,087 crore, up from ₹63,973 crore. On a sequential basis, profit after tax dropped 12% to ₹12,075 crore compared with the previous quarter, while revenue grew 2% to ₹65,799 crore.
Read More: TCS Asked to Prepare for Accelerating AI Adoption, Says N Chandrasekaran!
As of February 12, 2026, at 2:58 PM, Tata Consultancy Services share price on NSE was trading at ₹2,751.40 down by 5.44% from the previous closing price.
The combination of AI‑related concerns and stronger US jobs data triggered a pronounced sell‑off in TCS shares, pulling its market capitalisation below ₹10 lakh crore and contributing to a wider downturn in the Indian IT sector. The latest quarterly results show a decline in profitability despite modest revenue growth.
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Published on: Feb 12, 2026, 3:16 PM IST
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