Earnings

Shares of ICICI Prudential Asset Management Company have risen 21.17% in the past five trading sessions on the NSE.

ICICI Bank, Angel One, HDB Financial Services and Tejas Networks are among the companies that will announce quarterly results next week.

Wipro was the only stock trading higher in the Nifty IT Index, up 1.27%. Infosys led the declines, down 2.55%, followed by TCS at 1.97% and Mphasis at 1.90%.

Wipro had previously committed to distribute more than 70% of its net income to shareholders between FY26 and FY28.

TCS saw improving market share in larger vendor consolidation and cost take-out deals, with five mega deal wins in FY26.

The IT major is seeing a shift from experimentation to scaled AI adoption, helping clients modernise systems, reduce costs, and improve efficiency, adds the brokerage.

The IT major's FY26 revenue declined 2.4% YoY constant currency, highlights the brokerage.

Notably, in four of the five financial years preceding FY26, the company had already been witnessing only single-digit growth.

Even during the pandemic-affected fiscal 2021, TCS had managed a marginal growth of 0.6%.

TCS Q4 Result: The tech major posted modest sequential growth in the fourth quarter, with margins relatively flat at 25.3%.

TCS' quarter four newsflow was dominated by its deeper push into AI, with critical partnerships with the likes of OpenAI, AMD, ABB, Honeywell, ServiceNow, Nvidia, Cisco, Gitlab and Zscaler, among others.

TCS delivered a solid Q4 FY26 with profit recovery, healthy revenue growth and strong AI-led momentum, but a lower-than-expected final dividend tempered the overall picture.

In the previous quarter TCS reported a net profit of Rs 67,087 crore.

TCS Q4 Attrition Rate: India's largest IT giant's attrition rate rose to 13.7% in the March quarter from 13.5% in the third quarter of FY26

Anand Rathi announced a final dividend of Rs 7 per equity share for FY26

TCS declared a final dividend of Rs 31 per share with Q4 results, taking FY26 total payout to Rs 110, below analyst expectations.

The NSE Nifty 50 ended 0.9% lower to settle near 23,780 and the BSE Sensex slumped 1.2% or over 900 points to close marginally above 76,630.

GM Breweries' profitability was impacted by higher tax expenses.

TCS, Anand Rathi Wealth, GM Breweries, Rajputana Stainless are some of the major companies scheduled to declare fourth quarter earnings on Thursday April 9.

As TCS sets the tone for the IT sector this earnings season, its commentary on demand recovery and AI strategy will be crucial in shaping the next leg of the stock's movement.