Page 9 - Latest Updates on What next for stocks of IT firms

IT stocks under pressure: Nifty IT slips 2% ahead of Fed's policy decision

Among the 10 constituents on the index, around 10:07 AM, 9 declined with LTIMindtree, Tata Consultancy Services (TCS), Infosys, Coforge, HCLTech down nearly 2 per cent

IT, FMCG stocks witness most FPI selling in first half of March 2025

Information technology (IT)and fast-moving consumer goods (FMCG) stocks bore the brunt of the FPIs selling in the first two weeks of this month

MFs prefer pvt banks over IT, auto, PSU banks; increase value in HDFC Bank

Private banks, non-banking financial companies (NBFCs), healthcare, telecom, and metals were preferred sectors by mutual funds

Nifty IT tanks 3%; Wipro, Infy slide up to 6% on Motilal Oswal downgrade

The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.

US Recession? Nifty IT can tank another 10%; key levels on tech stocks here

IT stocks were seen trading in oversold zones at current levels; despite this technical charts suggest that Infosys, TCS, HCL Technologies and Tech Mahindra could slip up to 13% from here on.

Nifty IT index slips 2% on US recession concerns; Infy, Wipro down up to 4%

US markets ended sharply lower on Monday as fear mounted that the US economy could be careening into a recession. Nasdaq Composite plunged 4 per cent

Down 15% from record high; Nifty IT, 5 tech shares can dip 15% more: charts

Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.

Layoffs impact: Infy stock sinks below 200-DMA after 8 months; what next?

Infosys share price outlook: Infy was seen testing the 200-DMA for the first-time since June 2024; technical chart hints at further 9% downside risk for the stock.

TCS stock can tank 16%, trades below this key monthly support after June 23

TCS is seen testing its 20-month moving average for the first time in 21 months, a monthly close below the same shall open the doors for a slide towards Rs 3,170 levels; suggests technical chart.

Birlasoft share tanks 6%, hits 52-week low as analysts cut targets post Q3

On the bourses, Birlasoft share price plunged 6.39 per cent to hit a fresh 52-week low of Rs 472.40 per share on Wednesday, February 12, 2025

This smallcap stock shed 14% today, hit 7-month low; tanks 45% in 1 month

In the previous two calendar years, Zen Technologies had zoomed over 200%; with a 207% surge in CY 2024 and 333% in CY 2023.

Sonata Software tanks 19%, stock hits 52-week low on muted Q3 earnings

Given the ongoing challenges in the Hi-Tech and TMT sectors ICICI Securities said they maintain a cautiously optimistic stance and said they monitor margin recovery in the coming quarters.

This smallcap IT stock jumps 20% after co swings into profits in Q3 results

3i Infotech share price gained 19.98 per cent at Rs 31.46 a piece on the BSE in Thursday's intraday trade after the company posted a turnaround in the bottom-line for the third quarter

Nvidia, energy stocks: DeepSeek AI triggers market sell-off; time to worry?

The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.

Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here

Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.

Cyient share tanks 20%, hits 52-wk low as Q3 profit falls 32% sequentially

Cyient's profit fell 31.7 per cent quarter-on-quarter (Q-o-Q) to Rs 122.3 crore in Q3FY25, from 179.1 crore in the September quarter of financial year 2025 (Q2FY25)

Midcap IT in focus: Coforge, Persistent, Cigniti rally up to 11% post Q3

Why are midcap IT stocks rising today: Persistent Systems share price soared 8 per cent to Rs 6,163.45 per share after the company reported broad-based growth across geographies and segments.

Wipro's Q3FY25 results exceed projections, yet analysts remain divided

Wipro's Q3FY25 net profit rose 24.5 per cent Y-o-Y to Rs 3,350 crore, with a 4.5 per cent Q-o-Q increase. Revenue was Rs 22,320 crore, up 0.5 per cent Y-o-Y and flat Q-o-Q

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results

According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery

Wipro Q3 preview: Net profit may jump up to 16% YoY, revenue to remain flat

Wipro's Q3 performance is expected to reflect seasonal furlough impacts, client-specific challenges, and currency headwinds