Why Is TCS Stock Crashing Like a Rock?

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

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TCS's stock price has been falling precipitously recently.

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

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Profit margins may be under siege through FY24.

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

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

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

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