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.
Infosys said in an exchange filing that it had received a communication from French labour authority DRIEETS lle-de-France, informing the company of a €175,000 penalty
The sharp gains in IT stocks today follow easing valuations, a decent Q1 show, and an improving outlook after a sharp selloff this year.
New CEO, FY27 growth outlook trimmed, multiple downgrades: What’s happening at Infosys
As long as we have corporate leaders who understand the power of AI and ensure that their employees are well trained, I do not see any problem, says Infosys cofounder N R Narayana Murthy
Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams
Infosys reported a 12.2 per cent increase in net profit for the first quarter to ₹7,769 crore on a year-on-year basis. Revenue for the quarter was up 14 per cent to ₹48,211 crore.
Laxmikant Shukla, technical analyst at YES Securities maintains a constructive view on HCL Tech, Tech Mahindra and TCS, and predicts up to 14 per cent upside for these stocks.
NTPC, Shriram Finance, Bank of Baroda, Bank of India, CG Power among top stocks slated to post their Q1 results today.
The Infosys veteran will take over as chief executive officer and managing director from April 1, 2027, after Salil Parekh completes his second term at the IT major
Infy trims FY27 revenue guidance
Q1 results updates: Firms including Coromandel International, Mphasis, Chennai Petroleum Corporation, and Motilal Oswal Financial Services are also to release their April-June earnings today
Infosys, InterGlobe Aviation, Mahindra Lifespace Developers, Meesho, Ujjivan Small Finance Bank among top stocks slated to post their Q1 results today.
Infosys Q1 results expectations: Brokerages expect Infosys to maintain its guidance range of 2-3.5 per cent Y-o-Y CC growth for FY27E.
Contractual penalties imposed on Infosys for delay in IEC project, outages
However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.
India's top 100 brands posted a combined value of $252.8 billion in 2026, up 7 per cent year-on-year, with Tata Group retaining the top spot for the 10th straight year
At 12:44 PM on Monday, the Nifty IT index was the top gainer among sectoral indices, up 4.24 per cent, as compared to 0.01 per cent rise in the Nifty 50.
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.
Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains