On the downside, immediate support for Nifty50 is placed near 23,100, which coincides with the 61.8 per cent Fibonacci retracement of the prior upswing from 22,182 to 24,601
Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50
Stocks to Watch today, May 7, 2026: Mahindra Lifespaces, Deepak Fertilizers, Newgen Software, and Pidilite Industries are among the top stocks to watch today
LTM plans to launch Blueverse Credit, an AI-based pricing model combining human effort and digital employees, shifting beyond traditional billing methods
LTM posted a 23 per cent year-on-year (Y-o-Y) increase in net profit to ₹1,392.3 crore for Q4, as compared to ₹1,128.5 crore a year ago
LTIMindtree was the top loser, down nearly 6 per cent, followed by Coforge, Infosys, and Mphasis, falling over 5 per cent each
IT major LTM (formerly LTIMindtree) on Thursday reported a 23.37 per cent rise in consolidated net profit to Rs 1,392.3 crore in the January-March quarter of FY26. The company, a part of the Larsen & Toubro (L&T) Group, had posted a net profit (attributable to shareholders of the company) of Rs 1,128.5 crore in the same period of the preceding fiscal. The company's revenue from operations saw a 15.55 per cent increase to Rs 11,291.7 crore in Q4 FY26, as compared to Rs 9,771.7 crore in Q4 FY25. On a quarter-on-quarter basis, profit and revenue climbed 43.44 per cent and 4.73 per cent, respectively. For the full fiscal year of 2025-26, the company's profit was 9.12 per cent higher at Rs 5,018.1 crore, while revenue from operations was up 11.31 per cent at Rs 42,307.6 crore. "In FY26, we accelerated our strategic shift to an AI-centric organisation with the intelligence of the BlueVerse platform and talent transformation at scale. Over the year, we unlocked new levels of ...
Elara said the Nifty50 is currently trading at around 17.3 times one-year forward earnings, nearly 7 per cent below its 10-year average of 18.6 times, placing it in a historical 'bounce zone'
IT stocks to buy: ICICI Securities has upgraded Coforge to 'BUY' from 'Hold'; Mphasis to 'Buy' from 'Add', based on their attractive valuation and healthy revenue growth visibility
Thus far in the calendar year 2026, TCS's market price plunged 23 per cent, as against 7.4 per cent decline in Nifty 50, data shows. The NIfty IT index lost over 1 per cent in trade on Tuesday.
Within the Nifty 500, 14 stocks, including AWL Agri, LTIMindtree, Wipro, CoForge and IRFC were trading with a RSI reading below 20; technically the oversold threshold for the RSI parameter is 30.
The global research and broking house has cut their earnings estimates by 1-4 per cent across IT firms and expects 6 per cent earnings CAGR over FY26-28.
The correction in the tech pack has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
Analysts at Geojit Investments and Choice Broking are bullish on Tech Mahindra stock, and view the current fall as a correction rather than trend reversal.
TCS, Wipro, Infosys, Coforge, Tech Mahindra, Persistent Systems, HCL Technologies, LTIMindtree and Mphasis were down in the range of 4 per cent to 5 per cent in intra-day trade on Thursday.
Company unveils new brand identity as 'Business Creativity' partner; proposed name change to LTM Limited subject to shareholder and regulatory approvals
Cyient, Birlasoft, Cigniti Technologies, eClerx Services and Tata Technologies were down between 4 per cent and 6 per cent in Friday's intra-day trade.
LTIMindtree sees strong growth visibility as a robust pipeline of renewals and AI-native deals spills into next fiscal, even amid an unchanged macro environment
Analysts broadly agree that execution on large deals, margin discipline and progress on the CEO's strategic priorities will be key to driving growth beyond the current fiscal.
Stocks to watch today on Tuesday, January 20, 2026: Sanghvi Movers, Ola Electric and Amber Enterprises are other key stocks to be tracked today.