IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.
Stocks to buy today: Vinay Rajani of HDFC Securities has recommended two stocks for today - LTM and JSW Cement.
CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS
Indian IT stocks have fallen up to 34 per cent in 2026 as AI disrupted outsourcing model. Analysts remain cautious on FY27 outlook. They prefer TCS, Infosys, HCLTech, Coforge
LTM's acquisition of Randstad's Europe and Australia technology services business expands scale and opens new verticals, but brokerages question whether the deal strengthens AI capabilities
Shares of LTM, Siyaram Silk Mills, Tata Consumer Products, and Tata Consultancy Services will also remain in focus today as they trade ex-dividend
LTM plans to acquire Randstad's Europe and Australia tech units for €160 million to deepen AI, cybersecurity and digital engineering capabilities
The acquisition will help LTM expand its AI, engineering and cybersecurity capabilities in Europe and Australia while strengthening its presence in aerospace, defence and financial services
Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date
The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.
Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains
In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.
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'