Laxmikant Shukla, technical analyst at YES Securities maintains a constructive view on HCL Tech, Tech Mahindra and TCS, and predicts up to 14 per cent upside for these stocks.
However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.
The Bengaluru facility will help manufacturers and mobility firms test and deploy AI applications before rolling them out at scale
The IT major will deploy AI-led digital systems to improve airport operations, passenger experience and airline efficiency at the revamped terminal
Under the expanded partnership, TCS will deliver end-to-end global network operations for ABB through an AI-driven network-as-a-service model. The deal value was not disclosed
At 12:44 PM on Monday, the Nifty IT index was the top gainer among sectoral indices, up 4.24 per cent, as compared to 0.01 per cent rise in the Nifty 50.
Krithivasan and Seksaria discuss artificial intelligence revenue, rising token costs, and increasing AI spends
The ERU is a strategically important industry group for TCS, and clients in this segment are harnessing Al-led transformation, said Krithivasan
TCS CEO & MD K Krithivasan reiterate his belief that AI is an opportunity and global system integrators like TCS will be an integral part of enterprises' AI journey
TCS's upbeat Q1 commentary has lifted sentiment, but analysts believe a sustained recovery in technology spending will be critical for stronger revenue and earnings growth
At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.
Technical analyst at Mirae Asset Sharekhan believes that the short-term trend for TCS seems 'Neutral', but 'Bullish' from the medium-term perspective; hence expects an upside towad ₹2,500 levels.
TCS reported a 4.61 per cent Y-o-Y increase in its net profit to ₹13,349 crore for Q1 FY27. Its revenue jumped by 13.9 per cent Y-o-Y to ₹72,275 crore.
Stocks to watch today: TCS, Maruti Suzuki, JSW Steel, JK Tyre, Federal Bank, AU SFB, SAIL, Nalco, NLC India, Anand Rathi Wealth, JSW Steel, Cummins India, among others, will be in focus today
Revenue for the company grew 13.9 per cent in reported terms to Rs 72,275 crore from Rs 63,437 crore in Q1 FY26
Tata Consultancy Services added 9,279 employees in the first quarter, signalling improved visibility on deal pipelines despite persistent macroeconomic uncertainty and AI-led disruption
The NSE IT index declined nearly 2% in Thursday's early trade, dragged by TCS and Infosys. TCS to announce Q1 results after market hours today.
Q1FY27 company results: Firms including Eimco Elecon (India), Arunjyoti Bio Ventures, Cupid Breweries and Distilleries, and Gujarat Hotels are also set to release their April-June earnings today
Stocks to watch today: TCS, SBI, Tata Steel, GMR Airports, M&M, HFCL, RIL, Fortis Healthcare, JSW Infra, Swiggy, Pidilite, Shree Cement, among others, will be in focus today
TCS Q1 results 2026 date and time: TCS will announce quarterly earnings on July 9 after market hours. TCS could also announce a dividend, for which it has set July 15 as the record date.