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So, I guess it is a wait and watch mode as of now. But if you talk about digital transformation and the cloud migration tailwinds, that are pretty much intact.

Despite some caution and risk aversion in the near term due to macro uncertainty, TCS has succeeded in securing long-term transformation deals worth $10bn, with $5bn coming from the US. Although Q4 results did not meet expectations, and with uncertainties impacting growth in the next 15 to 18 months, TCS is optimistic that technology spending will continue to drive growth. According to CFO Samir Seksaria and CHRO Milind Lakkad, TCS believes it is well positioned to manage volatility with its long-term cost structures.

The stock quoted a 52-week high price of Rs 54262.3 and a 52-week low of Rs 35600.0.

Despite a challenging market environment, the company delivered strong performance across verticals. Its net flows for FY23 rose by a staggering 78% on year to Rs 4,896 crore. For the March quarter, net flows grew 40% to Rs 1,180 crore.

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Other top crypto tokens were also trading higher. Solana surged over 5%. Meanwhile, Polkadot, Litecoin, Dogecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.23 trillion, rising 1.09% in the last 24 hours.

Promoters held 46.86 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 9.64 per cent and 4.04 per cent, respectively.

​Over the past 6 months, while the benchmark Sensex has experienced a gain of approximately 5%, the BSE Smallcap index has dipped nearly 2%. Despite the weak performance of the smallcap index, there are five stocks within the index that have become multibaggers.

A total of 9,398 shares changed hands on the counter till time (IST).

“The biggest manufacturing exports started happening in Japan and Korea as their domestic market was very small. So, they set up capacities and businesses only for exports. Even the government (policies) were aligned to make it supportive of exports,” Agrawal said.