TCS on 1 year low: Earlier this week, the country’s largest government bank SBI had left the country’s top IT company Tata Consultancy Services (TCS) behind in terms of market cap. Now today i.e. on 12th February, ICICI Bank has also overtaken TCS in terms of market cap. Actually, this decline in the shares of TCS has mainly come due to the apprehensions of changes related to AI, due to which there is pressure on the entire sector.
TCS is hit hard by AI hangover, market cap below Rs 10 lakh crore, after SBI ICICI Bank also comes out ahead – Market
