)
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...
Read More
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
Stock Market Close: Broad-based buying helps Sensex rebound 879 pts; Nifty at 22,536; IT pack shines
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap rose 1.56 per cent and 0.54 per cent, respectively
 "Stock Market Close: Broad-based buying helps Sensex rebound 879 pts; Nifty at 22,536; IT pack shines")
Analysts caution TCS pullback may be short-lived; flag key levels to track
Hitesh Tailor, technical analyst at Choice Broking flags that the TCS stock trades below key EMAs on the daily and weekly charts, and expects strong resistance between ₹2,250-2,330 levels.
 "Analysts caution TCS pullback may be short-lived; flag key levels to track")
IT sector defies US green card suspension worries to rally 3%; here's why
IT stocks: All index constituents traded in the green, buoying the 10-stock Nifty IT 3.13 per cent to 28,604 during the intraday session.
 "IT sector defies US green card suspension worries to rally 3%; here's why")
TCS shares jump 3% ahead of Q2 results; what to expect & how to trade?
TCS Q2 results: Analysts expect large IT companies, such as TCS, to lag mid-tier firms amid macro uncertainty, AI-led productivity and increased competition.
 "TCS shares jump 3% ahead of Q2 results; what to expect & how to trade?")
Large-caps, financials, IT: Axis MF's Devalkar on where he sees opportunity
We remain constructive on the financial sector, particularly on high-quality private sector banks, said Shreyash Devalkar of Axis MF.
 "Large-caps, financials, IT: Axis MF's Devalkar on where he sees opportunity")
Coforge tanks 9% as chairman OP Bhatt resigns on board evaluation concerns
Coforge chairman OP Bhatt resigned after an internal audit into a board evaluation found concerns, including that material information about his own performance not fully disclosed to the board.
 "Coforge tanks 9% as chairman OP Bhatt resigns on board evaluation concerns")
Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD
Analysts believe stronger earnings visibility and company-specific growth drivers have managed to drive this outperformance.
 "Coforge, OFSS defy ₹6 trillion rout in IT stocks, rally up to 59% YTD")
TCS reverses early gains, down 1%: What deal with Porsche means for company
Brokerages JM Financial and Emkay Global maintained their 'ADD' ratings on TCS stock following the strategic deal announcement with Porsche.
 "TCS reverses early gains, down 1%: What deal with Porsche means for company")
FPIs pile into financials, extend IT buying in first half of August
Financial services drew Rs 6,535 crore in FPI inflows between August 1 and 15, while IT stocks attracted another Rs 2,530 crore after strong buying in July
 "FPIs pile into financials, extend IT buying in first half of August")
Stock Market Close: Sensex drops 326 pts; Nifty ends at 24,078, extends losing streak to 7th day
Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.21 per cent and 0.51 per cent, respectively
 "Stock Market Close: Sensex drops 326 pts; Nifty ends at 24,078, extends losing streak to 7th day")
Nifty can rise 7-8% by year-end; avoid legacy IT stocks: Vinit Bolinjkar
Q1 FY27 has surprised positively at the aggregate level: ex-OMCs, corporate earnings grew around 17 per cent YoY, led by BFSI, metals, technology and autos, said Vinit Bolinjkar.
 "Nifty can rise 7-8% by year-end; avoid legacy IT stocks: Vinit Bolinjkar")
Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
 "Tech blitz! Nifty IT logs best monthly gain in 6 years. Is the worst over?")
Stock Market Close: Sensex rises for 3rd day, ends 166 pts up; Nifty settles at 24,384; auto leads
Sensex Today | Stock Market LIVE Updates Friday: The GIFT Nifty indicated a positive open for the Nifty50 index. Overnight rise in Wall Street AI shares lifted Asian indices to record gains
 "Stock Market Close: Sensex rises for 3rd day, ends 166 pts up; Nifty settles at 24,384; auto leads")
IT gains help Sensex, Nifty end flat despite broader market weakness
IT stocks extended gains as easing crude oil prices and improved domestic outlook supported sentiment, though broader market breadth remained weak
 "IT gains help Sensex, Nifty end flat despite broader market weakness")
Infosys, TCS, Coforge: Nifty IT pack jumps 2.5%. What's behind the gains?
The sharp gains in IT stocks today follow easing valuations, a decent Q1 show, and an improving outlook after a sharp selloff this year.
 "Infosys, TCS, Coforge: Nifty IT pack jumps 2.5%. What's behind the gains?")
TCS, Infosys, HCL Tech, Tech Mah: Which IT stock is worth your portfolio?
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.
 "TCS, Infosys, HCL Tech, Tech Mah: Which IT stock is worth your portfolio?")
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")