The sixth largest software services exporter in India said the deal was with a leading global media and entertainment company, but did not disclose the name of the client
India's software exports rose 12.7% in FY25, yet listed IT groups saw only 3.8% growth, with market share slipping as unlisted firms and GCCs expand faster
The BSE IT index also fell 3.5 per cent in the intraday trade. Thus far in calendar year 2025, the BSE IT index has underperformed the market by sliding 19 per cent
On the bourses, the Nifty IT index is the worst-performing sector so far this year. The index is down 16 per cent in 2025
IT stocks such as Infosys, TCS and 3 others could see limited downside from current levels, as they are trading above key support levels, backed by positive cues from momentum oscillators, show charts
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
US Federal Reserve cut interest rates by 25 basis points and pencilled in two more reductions this year
The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties
Aditya Birla Fashion, Adani Total Gas, CESC, Granules India, IRB Infrastructure, Jindal Stainless, Poonawala Fincorp and SJVN are the eight stocks to exit derivatives segment post August expiry.
Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday
However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.
According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis
While LTIMindtree's top line marginally missed Bloomberg estimates of ₹9,855.4 crore, the bottom line outperformed expectations pegged at ₹1,194 crore.
Stocks to Watch today, July 18, 2025: Wipro, LTIMindtree, Lupin and IHCL are some of the key stocks to watch today
LTIMindtree beats profit estimates in Q1FY26 with 10.5% YoY growth; revenue misses forecast slightly as macro challenges persist and hiring slows
TCS, Infosys, Wipro, LTIMindtree, Tech Mahindra, HCL Technologies and Persistent Systems are down in the range of 1% to 2%.
Last month the company announced it has signed a $450 million deal with an agribusiness customer, this is one of the largest deals ever bagged by the firm since the merger