TCS share price took a heavy beating today, February 12, 2026. The stock plunged over 5% to hit ₹2,752.75 – its lowest level in a year. For the first time since late 2020, Tata Consultancy Services market cap fell below the key ₹10 lakh crore level. The slide wiped out billions and dragged the whole IT sector down.
Why TCS Share Price Fell So Hard Today
Two big worries hit investors at once.
First, the “Anthropic Shock.” US AI firm Anthropic launched Claude Cowork – an AI agent that handles complex office jobs like contract checks, audits, and software testing on its own. Many fear this kind of agentic AI will cut the need for large outsourcing teams. Indian IT firms have built huge businesses on these manual tasks. Now people worry revenue could shrink up to 40% in old services over the coming years.
Second, strong US jobs data changed the mood. January added 130,000 jobs – more than expected. Unemployment dropped to 4.3%. This makes the Fed likely to keep rates high longer to fight inflation. High rates hurt growth stocks like TCS because future earnings look less valuable today. Global investors also pulled money from emerging markets.
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Global Ripple Hits TCS Share Price
Wall Street weakness added fuel. Nasdaq fell, with Microsoft and Alphabet down over 2%. Indian IT gets over 60% revenue from US and Europe. When US tech budgets look shaky, TCS and peers feel it first on Dalal Street. The sector lost nearly ₹1.3 lakh crore in value today.
New Top Companies List After TCS Share Price Drop
TCS slipped in the market cap ranking.
| Rank | Company | Market Cap (Approx) |
|---|---|---|
| 1 | Reliance Industries | ₹19.7 Lakh Cr |
| 2 | HDFC Bank | ₹14.2 Lakh Cr |
| 3 | Bharti Airtel | ₹11.5 Lakh Cr |
| 4 | State Bank of India | ₹10.9 Lakh Cr |
| 5 | ICICI Bank | ₹10.1 Lakh Cr |
| 6 | TCS | ₹9.97 Lakh Cr |
What Experts Say About TCS Share Price
Opinions split sharply.
Bear side: Geojit and Jefferies call the AI threat real and structural. The old human-led outsourcing model may fade fast.
Bull side: Some analysts say this is pure panic. TCS already trains thousands in AI. They believe AI will create new service lines worth billions instead of killing jobs.
Technical View on TCS Share Price
Nifty IT broke below its 200-day EMA – a clear bearish signal for the sector. For TCS, next support sits near ₹2,680. Many advise staying away from buying the dip until charts show real stability.
Today’s rout in TCS share price feels painful, but it highlights the big shift AI brings to IT. Short term looks rough. Long term depends on how fast TCS turns AI into opportunity instead of threat.
Disclaimer: This content is for informational purposes only and should not be considered professional [financial/legal/medical] advice. Always seek the advice of a qualified professional before making any decisions based on this information.
Sources & References
- https://m.economictimes.com/markets/stocks/news/rs-1-3-lakh-crore-shock-why-tcs-infosys-other-it-stocks-fell-up-to-5/articleshow/128238296.cms
- https://www.livemint.com/market/stock-market-news/tcs-share-price-hits-52-week-low-market-cap-slips-below-rs-10-lakh-crore-for-first-time-since-december-2020-11770882744951.html#:~:text=Pranati%20Deva,since%20December%202020.(Bloomberg)
- https://www.businesstoday.in/markets/stocks/story/tcs-slips-below-icici-bank-sbi-in-m-cap-race-as-it-selloff-intensifies-515822-2026-02-12#:~:text=Shares%20of%20Indian%20IT%20majors,could%20disrupt%20IT%20service%20models.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
