Industry Newsgenerative ailegal techtcssector selloff
TCS Loses Market Value After Q3 Profit Fall
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Tata Consultancy Services (TCS) saw market capitalization fall below Rs 10 lakh crore after its shares plunged up to 4.5% to a 52‑week low of Rs 2,776 on the BSE. The selloff, driven by fears of AI disruption after Anthropic launched a legal automation tool and stronger U.S. jobs data, dragged the Nifty IT down nearly 4%, wiping about Rs 1.3 lakh crore. TCS reported Q3 PAT of Rs 10,657 crore, a 14% YoY decline.
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