Investors are worried that the juggernaut of Indian industry that is IT outsourcing is slowing down.
Shares in Tata Consultancy Services (TCS), the back-office group that is the country’s second-biggest company by market capitalisation, have fallen 14 per cent since the start of the year, compared with 6 per cent for the benchmark Nifty 50.
Rival Infosys had tumbled 20 per cent year to date before reporting strong results in July.
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