Technically, Persistent Systems seems to be favourably placed among these 3 IT peers, with the stock now seen quoting above its 200-DMA for the first time in nearly three months.
Tech Mahindra's new deals in the second quarter were worth $816 million, up 35.3 per cent from last year
Stocks to watch today: Kolte-Patil, Saatvik Green, Thyrocare, Persistent Systems are among other top stocks to track.
New deal wins for the second quarter stood at $816 million, up 35.3 per cent from last year
IT services company Tech Mahindra on Tuesday reported a 4.44 per cent decline in its September quarter net profit to Rs 1,194.5 crore. The post-tax profit is lower than the Rs 1,250 crore it had posted in the year-ago period and marginally higher than the Rs 1,141 crore it reported in the preceding June quarter. Its revenue grew to Rs 13,995 crore from Rs 13,313 crore a year ago and Rs 13,351 crore in the quarter-ago period, as per an exchange filing. The pre-tax profit margin expanded by 2.54 per cent year-on-year to 12.1 per cent during the reporting quarter. The total employee headcount declined by 1,559 year-on-year to 1.52 lakh staff as of September 30, 2025. The Tech Mahindra scrip rose 1.19 per cent to close at Rs 1,468.15 on BSE against a 0.36 per cent correction on the benchmark.
Q2FY26 company results: ICICI Lombard, Ireda, ICICI Prudential Life Insurance, and Leela Palaces Hotels & Resorts will also release their Sept quarter earnings reports today
Stocks to watch today: Oil India, KEC International, JD Cables, and Anant Raj among otherer top stocks to watch today.
Investor focus is expected on TechM's deal-win momentum, growth in financial services, H-1B visa risks, deal pipeline health, revenue retention, and GenAI's impact
Ambit analysts see HDFC Bank benefiting from accelerating credit growth, normalisation in cost of funds, and focus on high-yield segments like MSME, gold, and unsecured retail loans.
However, thus far in the calendar year 2025, the IT index has underperformed the market by falling 20 per cent, as against 4.7 per cent rise in the BSE Sensex
Infosys, TCS, HCL Technologies and Tech Mahindra are scheduled to announce Q2FY26 results in the next 10 days; here's a technical check on these 4 IT shares.
While the first few months of the financial year saw no notable deterioration, as called out by the companies in July
India's software exports rose 12.7% in FY25, yet listed IT groups saw only 3.8% growth, with market share slipping as unlisted firms and GCCs expand faster
The BSE IT index also fell 3.5 per cent in the intraday trade. Thus far in calendar year 2025, the BSE IT index has underperformed the market by sliding 19 per cent
Nuvama, in a recent report, upgraded the IT sector to 'Overweight' from 'Underweight', noting that the space has largely become a trading and relative valuation call
According to the Nuvama report, the deflationary impulse from tariff-driven global slowdown is likely to hurt domestic cyclicals the most.
The Nifty IT index has fallen by 18.1 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 3.8 per cent
Among individual stocks, Infosys, Wipro, Oracle Financial Services Software, and Mphasis shares rose 3 per cent each on Monday
However, thus far in the calendar year 2025, Nifty IT index has underperformed the market by falling 18 per cent, as against 5.5 per cent rally in Nifty 50.
The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years