New Delhi, Feb. 23 -- TCS's share price has crashed by over 14% in February so far amid concerns over AI-led disruptions and their impact on the IT service providers. For the week ended February 20, the stock slipped by 0.20%, extending losses for the fifth consecutive week.

On Monday, February 23, the IT stock dropped by 1% in intraday trade, despite positive market sentiment.

Uncertainties surrounding the impact of AI on IT companies and elevated interest rates in the US are keeping the stock under pressure even as the company's Q3 results were largely in line with expectations.

TCS reported a nearly 14% year-on-year (YoY) fall in its consolidated profit at Rs.10,657 crore for the December quarter. Revenue from operations for the qua...