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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
Infosys, TCS, HCL Tech, 2 others: How to trade IT stocks post Q3 results?
Kunal Kamble, technical analyst at Bonanza decodes trading strategies in IT stocks - Infosys, TCS, HCL Technologies, L&T Technology Services and Tata Elxsi post Q3 earnings. Here's what expert says.
 "Infosys, TCS, HCL Tech, 2 others: How to trade IT stocks post Q3 results?")
TCS Q3 delivers steady show, brokerages split on growth outlook
TCS Q3 results impact: The common thread across analysts is that while Q3 execution remains strong and margins resilient, clear visibility on broad-based demand acceleration is still missing.
 "TCS Q3 delivers steady show, brokerages split on growth outlook")
Nifty IT gears up for Q3; Tata Elxsi, LTTS may gain up to 30%: Analysts
The Nifty IT index needs to breakout above 38,500 resistance, for a likely 13 per cent rally, says Kunal Shah, Senior Technical Analyst at Mirae Asset ShareKhan.
 "Nifty IT gears up for Q3; Tata Elxsi, LTTS may gain up to 30%: Analysts")
IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal
After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.
 "IT cos eye CY26 rebound as AI demand outweighs Q3 weakness: Motilal Oswal")
Indian IT faces near-term headwinds; Antique picks top three stocks
Antique expects near-term moderation in technology spending in the US, given subdued consumer confidence and cautious end-demand trends
 "Indian IT faces near-term headwinds; Antique picks top three stocks")
Nifty IT sees 'Golden Cross', up 15% in 3 months; will recovery continue?
Analysts believe that valuation comfort coupled anticipated revival in earnings and possible reversal of AI trade offer a better risk-reward scenario for Indian IT firms.
 "Nifty IT sees 'Golden Cross', up 15% in 3 months; will recovery continue?")
Motilal Oswal sees FY26 earnings pick-up; financials, autos lead equities
The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
 "Motilal Oswal sees FY26 earnings pick-up; financials, autos lead equities")
FPIs pull back most from finance, IT stocks in first fortnight of Dec
FPIs pulled out ₹17,823 crore from Indian equities in early December, with heavy selling in financials and IT, while oil & gas and metals saw selective buying
 "FPIs pull back most from finance, IT stocks in first fortnight of Dec")
Accenture Q1 results signal steady outlook for Indian IT amid muted demand
Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.
 "Accenture Q1 results signal steady outlook for Indian IT amid muted demand")
Brokerages back TCS as it doubles down on AI-led transformation
At the core of TCS's vision is a five-pillar framework designed to reorient the company from a digital-first services model to AI-centric enterprise transformation.
AI to power next leg of IT growth, says Motilal Oswal; check top bets
Its top ideas to play the next AI wave are HCLTech and Tech Mahindra in largecaps and Hexaware and Coforge in the midcap space
 "AI to power next leg of IT growth, says Motilal Oswal; check top bets")
Analysts see up to 54% upside in Coforge; Nomura calls it top midcap IT bet
Nomura, which termed Coforge its "top pick in the mid-cap India IT services sector," said the company is banking on a solution-led sales strategy to maintain its growth trajectory.
 "Analysts see up to 54% upside in Coforge; Nomura calls it top midcap IT bet")
Nifty IT index up 1% in trade as rupee hits 90-mark against US dollar
Tech companies are, typically, at an advantage when the Indian Rupee depreciates against the Dollar
 "Nifty IT index up 1% in trade as rupee hits 90-mark against US dollar")
India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
 "India IT sector nearing FY27 revival; AI ramp-up to be key, says Nomura")
Margin expansion likely to drive earnings upgrades for Tech Mahindra
Antique Stock Broking has maintained a hold rating, given that a sustained improvement in large-deal wins is key to delivering FY27 growth acceleration
 "Margin expansion likely to drive earnings upgrades for Tech Mahindra")
Nifty IT index jumps 2%; what's driving IT stocks higher today? Find here
Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
Sensex reclaims 85K: India indices near peak as global AI rally fades
Technology stocks led a sharp rally as the Sensex crossed 85,000 for the first time in nearly 14 months. Both benchmark indices are now less than a per cent away from fresh lifetime peaks
 "Sensex reclaims 85K: India indices near peak as global AI rally fades")
Infosys, TCS, HCL Tech: Nifty IT up 8% since Oct; time to buy or sell?
Technical charts suggest that the IT index may gain another 5%, with heavyweights Infosys, TCS and HCL Technologies possibly rallying up to 17%. Wipro and Tech Mahindra, however, may see tepid trends.
 "Infosys, TCS, HCL Tech: Nifty IT up 8% since Oct; time to buy or sell?")
MFs split on IT revival as outlook improves but uncertainties remain
Split wide open as sector exposure swings from defensive 5% to bold 18%
 "MFs split on IT revival as outlook improves but uncertainties remain")
Nifty IT stocks extend surge, gain 5% in 3 days; Should you buy this rally?
Nuvama noted that IT services companies outperformed expectations in Q2, supported by stronger growth, margin expansion, and healthy deal wins
 "Nifty IT stocks extend surge, gain 5% in 3 days; Should you buy this rally?")