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TCS shares are also set for their biggest intraday percentage fall in four weeks.Bengaluru: Shares of Tata Consultancy Services Ltd dropped as much as much 4.6% to a three-week low on Monday, after the Indian IT major missed estimates for quarterly profit on rising employee-related expenses.Analysts flagged signs of a slowdown in demand after the IT services exporter on Friday said first-quarter profit came in at Rs 9,478 crore ($1.19 billion), well below estimates of Rs 9,851 crore, according to Refinitiv data.”Although management expects tech spends to be resilient, we see clear signs of moderation in demand,” ICICI Securities said in a note, citing slowing hiring, muted deal growth and weak momentum in Europe.Operating margin for the quarter fell to 23.1% from 25.5% a year earlier.TCS shares, which are down 12.7% up to Friday’s close this year, are also set for their biggest intraday percentage fall in four weeks.



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