TCS shares rise as investors cheer Q2 growth
TCS stock up 3.5% at ₹2,149.10 in early trade
Tata Consultancy Services (TCS) shares experienced a significant rise on Friday, driven by accelerating revenue from artificial intelligence and growth in the company's international operations. By the start of trading, TCS shares had climbed 3.5%, reaching ₹2,149.10. AI-related revenue surged nearly 20% quarter-over-quarter, reaching $3.1 billion from $2.6 billion in the July-September quarter.
This positive development follows the US government's suspension of participation in the Permanent Labor Certification (PERM) program for several IT services firms, including TCS.
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