Why Is TCS Stock Crashing Like a Rock?

Stock in Tata Consultancy Services is close to a 52-week low.

TCS's stock price has been falling precipitously recently.

A 185-basis-point (bps) drop in EBIT margin was seen.

Profit margins may be under siege through FY24.

Conflicts that have been going on around the world for some time could also be a factor.

The government is placing a higher priority on defence in preparation for a global war.

The share price of TCS has been falling steadily since then.