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
From the April swing low near 1180 to the June peak around 1700, the Tech Mahindra stock saw a strong rally, followed by a month-long price correction.
Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month
Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn
The new leadership, along with the steps being undertaken to nurture internal talents, will make Tech Mahindra not just a world-leading entity but also a world-beating organisation, a top company official has said. Tech Mahindra has restructured its global operations following the exit of some of its employees after the succession of the CEO role to Mohit Joshi, who has been with the company since its founding and is one of the longest-serving chief executives in the IT industry, CP Gurnani. "Our talent is the engine driving Tech Mahindra's transformation. We are doing what it takes to make TechM not just a world-leading, but a world-beating organisation, whether that means creating new roles, nurturing internal talent, or bringing in bold new leadership," Joshi told PTI in an email interview. The company has appointed new leaders for several verticals and elevated internal senior employees between August 2023 and June 2025 to lead key divisions at the organisation in global ...
Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors
The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent
Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July
Analysts say possibility of hitting high single-digit revenue growth looks unlikely
This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity