Shares of Tata Consultancy Services (TCS) gained 2% on Tuesday, trading near Rs 4,135, ahead of the company’s much-awaited Q2 FY26 results scheduled for Wednesday, October 9. The rally reflects investor optimism surrounding the upcoming earnings season for Indian IT majors.
The broader IT index also traded higher as market participants anticipated positive commentary from leading firms on deal momentum, margin recovery, and digital transformation demand in the U.S. and Europe.
However, in a rare move, TCS cancelled its scheduled press conference for the quarterly results. According to reports, the company decided to skip the press meet as the date coincides with Ratan Tata’s anniversary. The company will, however, proceed with its analyst call as usual.
A similar decision was made last year when TCS cancelled its Q2 presser following the passing of Ratan Tata, while other investor interactions continued as planned.
The Q2 earnings season is being closely watched amid developments around U.S. tariffs, H-1B visa reforms, and workforce restructuring, all of which are expected to impact the near-term outlook for the sector.
At the time of writing, TCS shares traded around Rs 4,135, with a market capitalization exceeding Rs 14.8 trillion, making it one of India’s most valuable companies.
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