Q2 impact: Infosys, TCS can fall up to 9%; HCLTech may rise 5%, show charts

IT majors - TCS, Infosys and HCL Technologies flagged concerns of slower growth going ahead after announcing the Q2 results in the last two days.

IT stocks have been in the thick of action in the last two trading sessions amid the Q2 earnings performance by majors - TCS, Infosys and HCL Technologies (HCLTech). So far on Friday morning, Infosys was down 2.5 per cent while HCL Technologies and TCS were up 1.5 per cent and 0.6 per cent, respectively.

However, since the last two trading sessions, Infosys has shed over per cent at the lowest point of the day today. HCLTech 3 per cent and TCS 2.5 per cent.

Infosys yesterday lowered its FY24 revenue growth guidance to 1.0-2.5 per cent in constant currency