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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
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")
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?")
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%")
LTM's Randstad acquisition: Analysts see risks beyond low-valuation deal
LTM's acquisition of Randstad's Europe and Australia technology services business expands scale and opens new verticals, but brokerages question whether the deal strengthens AI capabilities
JM Fin sees mid-tier IT outperforming largecaps; Mphasis among top picks
Within the sector, JM Financial sees mid-tier IT companies outperforming large-caps and has identified Infosys among the top-six players, Mphasis in the mid-tier space, and Sagility among business pr
 "JM Fin sees mid-tier IT outperforming largecaps; Mphasis among top picks")
Coforge reclaims 100-DMA; 5 reasons why Geojit is bullish on this IT stock
Coforge has rallied 12 per cent in the last three trading sessions. Technical analyst at Geojit highlights the formation of a higher-high on the weekly chart among key reasons.
 "Coforge reclaims 100-DMA; 5 reasons why Geojit is bullish on this IT stock")
Nifty IT extends gains for third session, up 8%; check top picks by analyst
Prashanth Tapse of Mehta Equities said that while IT stocks have seen some improvement in price, the broader fundamentals of the sector remain challenging due to relatively subdued growth expectations
 "Nifty IT extends gains for third session, up 8%; check top picks by analyst")
Sensex drops over 1,000 pts but still ends in green amid West Asia crisis
Benchmark indices recovered from sharp early losses as IT stocks rallied and foreign investors continued buying despite escalating tensions in West Asia
What's fueling the rally in IT stocks today? Analyst explains
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.
 "What's fueling the rally in IT stocks today? Analyst explains")
Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall
Analysts believe OFSS's outperformance is underpinned by relatively sustainable revenue growth, sharp margin expansion, operating leverage, and AI-driven productivity gains
 "Oracle Financial Services bucks IT rout in CY26; rises 16% while peers fall")
Nifty IT tumbles 3.7% to near 3-year low amid AI disruption concerns
Indian IT stocks fell sharply after OpenAI's acquisition of consulting firm Tomoro intensified concerns over AI-led disruption to traditional IT services models
 "Nifty IT tumbles 3.7% to near 3-year low amid AI disruption concerns")
Sensex extends losses, falls 1560pts intraday; Nifty below 23,350: Reasons
The Sensex touched an intraday low of 74,449.50, down more than 1,566 points, or 2 per cent. Similarly, the Nifty 50 index lost 467 points, or 1.96, to make a low of 23,348.40.
 "Sensex extends losses, falls 1560pts intraday; Nifty below 23,350: Reasons")