Tech Mahindra Ltd News
Nifty IT soars 14% in 6 days on Q2 earnings boost; TechM, Wipro, TCS shine
At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer.
 "Nifty IT soars 14% in 6 days on Q2 earnings boost; TechM, Wipro, TCS shine")
Q2 impact: TechM shares gain 8% as analysts raise earnings estimate, target
Tech Mahindra shares jumped 5 per cent and emerged as the top Sensex gainer after the Q2 results. SBI Securities said that it expects Tech Mahindra stock to outperform the broader IT sector and peers.
 "Q2 impact: TechM shares gain 8% as analysts raise earnings estimate, target")
Tech Mahindra Q2 profit rises 32.7% to ₹1,586 crore; revenue up 15.6%
Tech Mahindra reports a 32.7% rise in Q2 net profit to ₹1,586 crore and 15.6% revenue growth, supported by manufacturing and communications, while deal wins top $1 billion.
 "Tech Mahindra Q2 profit rises 32.7% to ₹1,586 crore; revenue up 15.6%")
Nifty IT rallies 9% in 3 sessions: 3 key factors driving the momentum
Market experts attribute the rally to a combination of earnings resilience, value buying after a prolonged correction, and a possible rotation of funds away from AI-linked technology stocks.
 "Nifty IT rallies 9% in 3 sessions: 3 key factors driving the momentum")
Stocks to watch: IDBI Bank, Reliance, Wipro, TechM, Nestle, Jio Financial
HDFC Life Insurance, Jio Financial Services, Nestle India, Tech Mahindra, Wipro, HDFC AMC will announce Q2FY27 results today.
 "Stocks to watch: IDBI Bank, Reliance, Wipro, TechM, Nestle, Jio Financial")
Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue
Tech Mahindra's board will mull a dividend payout and a bonus issue along with the Q2 results announcement.
 "Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue")
Nifty IT shines, up 3%; HCL Tech, TCS, LTM, Tech Mahindra surge up to 5%
In the past four trading days, Nifty IT index outperformed the market by gaining 5.6% as against a 1.2% rise in the Nifty 50.
 "Nifty IT shines, up 3%; HCL Tech, TCS, LTM, Tech Mahindra surge up to 5%")
Markets tumble to 18-month low as US-Iran tensions lift crude oil
Nifty slides 1.64% as rising crude prices, higher US Treasury yields and geopolitical tensions trigger broad-based selling
 "Markets tumble to 18-month low as US-Iran tensions lift crude oil")
IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%
IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.
 "IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%")
Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD
Analysts believe stronger earnings visibility and company-specific growth drivers have managed to drive this outperformance.
 "Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD")
Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why
IT stocks rallied on Friday after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.
 "Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why")
As AI changes pricing, IT firms see uptick in outcome-based deals
AI is pushing Indian IT companies towards outcome-based pricing, with newer deals increasingly linking payments to measurable business results
 "As AI changes pricing, IT firms see uptick in outcome-based deals")
IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand
IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth
 "IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand")
Nifty IT index slips nearly 2% for second straight day; here's why
In the past one week, Nifty IT index has corrected 4.8 per cent, compared to 1.2 per cent decline in the Nifty 50.
Big orders mask small deal squeeze at Indian IT services companies
Large contracts are supporting deal values at Indian IT firms, but weaker discretionary spending and AI-led pricing pressure are squeezing the flow of smaller projects
 "Big orders mask small deal squeeze at Indian IT services companies")
H-1B costs soar, prompting Indian IT companies to rethink US hiring
Indian firms cut fresh visa registrations as extensions, transfers, and local hiring gain ground
 "H-1B costs soar, prompting Indian IT companies to rethink US hiring")
Tech Mahindra, I-HUB QTF tie up to develop trapped-ion quantum middleware
The partners will develop middleware for an indigenous 20-qubit trapped-ion quantum computer, with the project expected to be completed by December 2026 in India
 "Tech Mahindra, I-HUB QTF tie up to develop trapped-ion quantum middleware")
Nifty IT index snaps 3-day losing streak, jumps 2% led by TCS, HCL Tech
IT stocks in demand: Tata Consultancy Services (TCS), Tech Mahindra, LTM, HCL Technologies and Mphasis gain 3 per cent each in intra-day deals on Friday.
 "Nifty IT index snaps 3-day losing streak, jumps 2% led by TCS, HCL Tech")
Nifty IT slips 4%; Persistent, Mphasis plunge 5%; why are tech stocks down?
Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.
Coforge soars 7%, Nifty IT index jumps 3%; what's driving the rally?
Thus far in the month of July, the Nifty IT index rallied 15 per cent, as compared to 0.6 per cent rise in the Nifty 50.
 "Coforge soars 7%, Nifty IT index jumps 3%; what's driving the rally?")