Here is why TCS shares declined 4% today despite a strong Q4 earnings show

Analysts at ICICI Securities, for instance, have downgraded TCS' stock from 'Add' to 'Hold' while Kotak Securities maintains 'Reduce'

Shares of information technology major Tata Consultancy Services (TCS) tumbled 5.1 per cent to Rs 3,074.55 apiece on the BSE in the intra-day deals on Tuesday, and were trading as the worst performing counter on the 30-share BSE barometer as invetors booked profit after an in-line result. The counter ended 4.2 per cent lower on the BSE at Rs 3,105 levels, as compared to 1.4 per cent rise in the S&P BSE Sensex.  

India's largest IT services player on Monday reported a strong set of numbers for its fourth quarter of FY21, as clients continued to spend on digital services