Tata Consultancy Services Limited (NSE:TCS) saw shares drop after chairman N. Chandrasekaran said he won’t seek reappointment, even as the company declared successive dividends and forged AI-cloud partnerships with Vodafone and Google Cloud while technical charts flag a bullish breakout target near 2,600.

Previous Week Recap

• Tata Consultancy Services Limited: Chairman To Step Down: TCS shares fell about 3.9%–5% after chairman N. Chandrasekaran said he won’t seek reappointment and will step down at term end on February 20, 2027, sparking Tata group selloff. 3 sources
• TCS Announces Interim And Final Dividends: Tata Consultancy Services (TCS) declared an interim dividend of Rs 12/share payable July 15, 2026, and a final dividend of Rs 31/share paid May 25, 2026; prior dividends paid Jan 16, 2026. Moneycontrol
• TCS Trading Sideways With Bullish Flag: TCS trading sideways after recent rise, forming bullish flag above key moving averages. Near-term pivot 2,360; sustained move above targets 2,600 with stop at 2,360. Moneycontrol
• TCS Partners With Vodafone On AI-Cloud: TCS partners with Vodafone to offer AI‑and‑cloud solutions for UK enterprises, combining TCS tech platforms with Vodafone connectivity to target corporate customers and drive digital transformation. Reuters
• TCS Google Cloud Gemini Center In Mexico City: TCS and Google Cloud will open a Gemini Experience Center in Mexico City to boost AI adoption across industries, expanding TCS’s innovation center network and services for enterprise clients. Moneycontrol