3 weeks ago

TCS shares tank 5% as Chandrasekaran resignation reported

TCS shares tank 5% as Chandrasekaran resignation reported
TCS share price: Why IT stock tanked 5% within minutes; Chandrasekaran resignation & more · businesstoday.in

The stock market is a place where people buy and sell parts of companies, called shares.

Tata Consultancy Services, often called TCS, is a big company that helps other companies with computers.

One day, people who own TCS shares suddenly started selling them very quickly.

Because of this, TCS shares lost almost five percent of their value in just a few minutes.

That means the company was worth a lot less money than before.

People are worried because there are reports that the boss of the company, N. Chandrasekaran, is leaving his job.

The company's parent group is called Tata Sons, and its leaders have not said anything about the reports yet.

TCS shares have gone down a lot this year, losing more than 27 percent of their value.

Soon, the owners of the company will meet to decide if the boss can stay on as chairman.

Key facts

Intraday share price fall
4.84 per cent
Intraday low on BSE
Rs 2,322
Year-to-date decline
27.26 per cent
Market position
Sixth-most valued stock on Dalal Street
Tata Sons AGM date
August 18
Chandrasekaran's term as chair
Due to end in February 2027

Sources

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