TCS share price falls 2% on plans to cut 12,000 jobs; Nifty IT index down over 1%

TCS share price has significantly underperformed the benchmark indices. The stock has declined 10% over the past one month and over 23% in the last six months. On a one-year basis, TCS shares are down 30%, while delivering a modest return of just 33% over the past five years.

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