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What next for stocks of IT firms
What next for stocks of IT firms
Information technology (IT) bellwether Infosys Technologies' January-March quarter earnings, announced on Thursday, missed Street estimates. While its net profit for the three-month period declined 11.7 per cent from a year ago to Rs 7,033 crore, the more concerning piece of news lay in its outlook for FY26: The company guided for weaker than expected revenue growth during the ongoing financial year.
Even as global economic uncertainty, tariff disruptions and cautious client spending cloud the sector's outlook, Infosys seems to share the pessimism aired earlier by Accenture, which fears loss of US federal contracts, and Tata Consultancy Services (TCS) and...
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IT companies' slice of Nifty 50 pie shrinks sharply to 17-year low
Sector's weighting in index has slipped to 10.2% from peak of 17.7%
 "IT's grim portents")
Infosys Q4FY25 results: Net profit declines 11.7% to ₹7,033 crore
Infosys signals weak FY26 after muted Q4 result
Updated On : 18 Apr 2025 | 12:02 PM IST "IT's grim portents")
US agency probes bias claims against TCS on race, age, national origin
An EEOC spokesperson, citing federal law, said the agency cannot comment on investigations. Complaints, or charges, made to the EEOC are confidential under federal law.
Updated On : 18 Apr 2025 | 12:03 PM IST "IT's grim portents")
IT major Infosys to hire 20,000 fresh engineering graduates in FY26
It remains to be seen how this hiring will pan out, which will largely depend on project ramp-ups and more deal inflows. Any further deterioration may force the companies to proceed with caution
Updated On : 18 Apr 2025 | 12:01 PM IST "IT's grim portents")
Latest Updates on What next for stocks of IT firms
Tech Mahindra Q1 Preview: PAT can rise over 40% YoY on firm revenue growth
TechM Q1 Preview: On average, analysts expect Tech Mahindra to post a growth of 40 per cent or more for Q1 FY27 as ramp-up in large deals could push revenue by 15 per cent.
 "Tech Mahindra Q1 Preview: PAT can rise over 40% YoY on firm revenue growth")
Stocks to Watch today: Groww, Ather Energy, Delhivery, IT stocks & more
Stocks to watch today: Indian stock market was slated to open on a positive note. On stock-specific front, IT stocks will be in focus after IBM's weak outlook.
 "Stocks to Watch today: Groww, Ather Energy, Delhivery, IT stocks & more")
Wealth opportunities exist across market spectrum: Baldev Prakash, SBICAP
Wealth creation opportunities exist across all the cohort of market and investors are recommended to adopt bottom-up stock specific approach, says Baldev Prakash, MD & CEO of SBICAP Securities.
 "Wealth opportunities exist across market spectrum: Baldev Prakash, SBICAP")
HCL Tech shares fall 3% despite Q1 beat; deal wins keep analysts upbeat
HCL Tech reported a 20.3 per cent increase in net profit for the first quarter to ₹4,624 crore on a year-on-year basis. Revenue for the quarter was up 13.9 per cent to ₹34,579 crore.
 "HCL Tech shares fall 3% despite Q1 beat; deal wins keep analysts upbeat")
TCS stock can rally up to 20% to ₹2,500 levels: Tech analyst
Technical analyst at Mirae Asset Sharekhan believes that the short-term trend for TCS seems 'Neutral', but 'Bullish' from the medium-term perspective; hence expects an upside towad ₹2,500 levels.
 "TCS stock can rally up to 20% to ₹2,500 levels: Tech analyst")
Nifty IT valuation at 20x PE: Is it time to be greedy in IT stocks?
As Nifty IT trades below historical valuations despite record earnings, Apurva Sheth explores whether India's IT sector is nearing a major turnaround opportunity
 "Nifty IT valuation at 20x PE: Is it time to be greedy in IT stocks?")
Artha Bharat Investment launches GIFT City's first physical gold fund
Artha Bharat launches GIFT City's first physical gold fund, while Kusumgar prices its IPO and benchmark indices extend gains for a third straight session
 "Artha Bharat Investment launches GIFT City's first physical gold fund")
TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA
The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.
 "TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA")
Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points
Nifty ended the session at 24,176, a gain of 170 points, or 0.7 per cent
 "Nifty IT logs best 1-day gains in over a year; Sensex climbs 580 points")
Nifty IT logs worst first half since 2003 as AI fears weigh on sector
The Nifty IT index fell 31 per cent in January-June 2026 as AI disruption, weak global demand and slowing growth weighed on India's information technology sector
 "Nifty IT logs worst first half since 2003 as AI fears weigh on sector")
Bargain hunting: Mutual fund investors plug into battered IT stocks
Assets of passive funds tracking the Nifty IT index have risen 23 per cent over the past year despite a sharp correction, signalling strong investor interest in the sector
 "Bargain hunting: Mutual fund investors plug into battered IT stocks")
IT weighting in Nifty drops to record low amid prolonged sector selloff
Indian IT firms hit their lowest Nifty 50 weight in over two decades as AI disruption fears and a sector-wide selloff erode market influence
 "IT weighting in Nifty drops to record low amid prolonged sector selloff")
South Korean stocks tumble 10% from record, triggering trading halt
The Kospi closed down 10%, with losses extending after a 20-minute trading suspension by the Korea Exchange
 "South Korean stocks tumble 10% from record, triggering trading halt")
India's biggest equity fund makes contrarian bet on IT stocks amid AI fears
PPFAS Mutual Fund's $14.9 billion Flexi Cap Fund has added exposure to IT services companies over the past three months to May as valuations cooled sharply
 "India's biggest equity fund makes contrarian bet on IT stocks amid AI fears")
Stock Market Close: Sensex tanks 608 pts, Nifty ends at 24,013 on IT sell-off; RIL shares slip 1.2%
Sensex Today | Stock Market Highlights, Friday: Reliance Industries share price settled 1.2 per cent lower at ₹1,312 after Chairman Mukesh Ambani announced Jio Platforms' IPO papers were being filed
 "Stock Market Close: Sensex tanks 608 pts, Nifty ends at 24,013 on IT sell-off; RIL shares slip 1.2%")
TCS share in group market capitalisation falls to lowest since listing
TCS's share of Tata Group's market cap falls to a 21-year low as its stock declines sharply, even as non-TCS Tata companies hit record valuations
 "TCS share in group market capitalisation falls to lowest since listing")
LTM's AI-led 'Lakshya 2031' plan impresses analysts; execution remains key
LTM's AI-led 'Lakshya 2031' strategy won analysts' backing with nrokerages seeing growth potential from Business AI, BlueVerse and Randstad integration.
 "LTM's AI-led 'Lakshya 2031' plan impresses analysts; execution remains key")
AI optimism sparks biggest single-day IT rally in a yr as outlook brightens
Tech stocks lead market rebound after four-day slide
 "AI optimism sparks biggest single-day IT rally in a yr as outlook brightens")
AI deals are rising, but earnings lag: What lies ahead for Indian IT stocks
Indian IT stocks have fallen up to 34 per cent in 2026 as AI disrupted outsourcing model. Analysts remain cautious on FY27 outlook. They prefer TCS, Infosys, HCLTech, Coforge
 "AI deals are rising, but earnings lag: What lies ahead for Indian IT stocks")
Wipro fixes June 5 as record date for ₹15,000 crore buyback; stock gains 3%
Wipro has set the buyback price at ₹250 per share, implying a premium of 23 per cent over the stock's previous closing price of ₹203.11 per share
 "Wipro fixes June 5 as record date for ₹15,000 crore buyback; stock gains 3%")