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
The correction in IT stocks has been driven by mounting concerns among investors over the potential impact of AI on the sector's growth outlook
The Nasdaq IT services basket has corrected meaningfully, dragging Indian IT ADRs lower and triggering a risk-off sentiment that has spilled into domestic markets, said ICICI Securities.
Over the past two trading sessions, the Nifty IT index has declined 7 per cent, while losses over the last seven trading days stand at 14 per cent
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.
Improved policy optics could encourage US enterprises to advance discretionary tech spending and GCC expansion, even though immediate revenue or margin acceleration for IT firms is unlikely.
In fiscal 2024-25 (FY25), India, according to HSBC, exported $76 billion worth of goods to the EU and bought $61 billion worth of goods from the EU
TechM's new deal wins for the quarter came in at $1.1 billion, up 47 per cent from $745 million last year. On a sequential basis, TCV was up 34 per cent.
Analysts anticipate a stronger growth recovery for IT sector in FY27 compared to FY26, driven by an improvement in demand, more stable macro conditions, increased budgetary spending and deal ramp-ups.
Revenue for the quarter grew 8.3 per cent to Rs 14,393 crore. On a quarter-on-quarter basis, revenue was up 2.8 per cent
The company's revenue from operations grew 8.34 per cent year-on-year (Y-o-Y) to ₹14,393 crore from ₹13,285 crore in Q3FY25
Q3FY26 company results: Firms including Tata Technologies, L&T Finance, JSW Infrastructure, Jindal Saw, and Bajaj Healthcare are also to release their October-December earnings reports today
Tech Mahindra Q3 results preview: The company's revenue for the quarter under review is expected to rise 7 per cent in Q3FY26, on average, to ₹14,196 crore as compared to ₹13,286 crore a year ago.
After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.
Motilal Oswal said the Nifty is trading at a 12-month forward P/E of 21.2x, near its long-period average of 20.8x, suggesting valuations are reasonable.
Chairman Anand Mahindra says artificial intelligence, skills and education reforms will reshape work, talent flows and growth, as the Group sharpens its technology-focused strategy
Antique expects near-term moderation in technology spending in the US, given subdued consumer confidence and cautious end-demand trends
Since October 2025, IT index has rallied 17 per cent, as compared to 6 per cent rise in the Nifty 50.
Stocks to Watch today, Dec 22: Varun Beverages, KEC International, PVR Inox, Rites, Tech M, and Crompton Greaves are some of the other stocks to watch today