TCS shares fall 2% to 52-week low as NIFTY IT index declines 3%; check latest updates

The scrip was trading 0.60% lower at ₹2,394.80 per equity share at around 2:28 PM, amid a broad-based sell-off in IT stocks, as the NIFTY IT index reached a two-year low.

The stock has lost nearly 5% in the past week and about 12% over the month. On a year-to-date basis, it has declined 26%. TCS’s share had hit a year’s high of ₹3,710 per unit on March 25, 2025.

The NIFTY IT index declined as much as 2.6% to touch a two-year low of 28,288.05 on March 17. At the time of writing, it stood at 28,854.10, down by 188.45 points or 0.65%.

Eight out of the index’s 10 constituents declined during the trading session, and just two advanced.

TCS launches Rapid Outcome AI platform powered by NVIDIA

In a regulatory filing dated Tuesday, the Tata group firm said that it has launched a new enterprise platform designed to help organisations accelerate their journey from AI experimentation to production deployment, powered by NVIDIA.

“By leveraging predictive analytics, generative AI, computer vision, and agentic and Physical AI blueprints tailored for industry-specific processes, TCS and NVIDIA will help enterprises achieve higher levels of autonomy across their enterprise workflows,” it stated.

TCS stated that the Rapid Outcome AI platform will enable organisations across sectors such as manufacturing, telecommunications, banking, retail, life sciences, and engineering services to run AI applications at scale.

It further noted that the applications will help to automate decisions, increase operational visibility, reduce manual interventions, and improve productivity across enterprise processes and operational environments.

Commenting on the development, Amit Kapur, Chief AI and Services Transformation Officer, TCS, said: “TCS Rapid Outcome AI combines our contextual knowledge of industry domains and NVIDIA’s advanced AI infrastructure to drive business outcomes for our customers. The platform delivers operational intelligence and persona-based experience, driving AI at scale. We are excited about the scale of impact this creates, and the value we deliver together.”

TCS noted that the platform was built leveraging NVIDIA’s AI infrastructure and combining industry-specific AI blueprints with NVIDIA accelerated computing.

The company said that the platform enables enterprises to integrate AI capabilities into enterprise workflows and operational environments with “speed, governance, and scalability”.

“AI is transforming how enterprises operate across industries—from manufacturing and telecom to banking and retail. The combination of TCS Rapid Outcome AI integrated with the full-stack NVIDIA AI platform, alongside TCS’s deep industry expertise, enables organizations to accelerate the development and deployment of AI applications that deliver new levels of automation and tangible business outcomes,” said John Fanelli, Vice President, Enterprise Software, NVIDIA.

TCS has a total market capitalisation of ₹8.66 lakh crore, as of March 17, 2026, according to data on the NSE.