Thus far in the calendar year 2026, the market price of TCS tanked 33 per cent, as compared to 11.5 per cent fall in the Nifty 50.
The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.
The Nifty IT index has underperformed the markets in 2026 so far and emerged as top sectoral loser as well. As per data, the index has corrected 26 per cent on Y-T-D basis.
In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.
In Q4, Tech Mahindra recorded a net profit of ₹1,353.8 crore, up 16 per cent from ₹1,166.7 crore a year ago. On a sequential basis, profit was up 20.6 per cent.
Tech Mahindra reported a 16 per cent rise in Q4 FY26 net profit, while revenue grew 12.6 per cent year-on-year, though profit missed Bloomberg estimates
IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.
Q4FY26 company results: Firms including L&T Technology Services, Havells India, Tata Communications, and Bharat Coking Coal are also to release their January-March earnings today
Tech Mahindra Q4 results preview: Sequentially, the profit after tax (PAT) of Tech Mahindra is expected to rise 9 per cent from ₹1,336.42 crore in Q3FY26