Mid-cap It Stocks
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")
Coforge gains 6% as analysts turn bullish after Q2, see up to 36% upside
On the bourses, Coforge share price zoomed up to 5.98 per cent to hit an intraday high of ₹1,866 per share post Q2 results.
 "Coforge gains 6% as analysts turn bullish after Q2, see up to 36% upside")
Hexaware Tech announces GCC deals worth ₹1,029 crore; time to buy stock?
At 9:43 AM, Hexaware Technologies shares were trading at ₹870.50, up by 1.53 per cent on the National Stock Exchange.
 "Hexaware Tech announces GCC deals worth ₹1,029 crore; time to buy stock?")
HCL Tech can crack 12% from here; check stock strategy
Technical chart shows presence of strong support for HCL Technologies stock in the ₹1,515 - ₹1,533 range.
 "HCL Tech can crack 12% from here; check stock strategy")
Tata Elxsi stock cracks 8% post Q1 results, chart hints at another 11% fall
Tata Elxsi stock was seen testing its 100-DMA support after a gap of two months; chart hints that the stock could slide all the way to ₹5,285 levels, in case near support levels are taken out.
 "Tata Elxsi stock cracks 8% post Q1 results, chart hints at another 11% fall")
CLSA, Morgan Stanley urge near-term caution on IT stocks
Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index
 "CLSA, Morgan Stanley urge near-term caution on IT stocks")
Trump tariffs: IT stocks eye upto 38% downside if US economy sees recession
Trump Tariffs: Analysts at Kotak Institutional Equities believe Tata Consultancy Services (TCS), followed by Infosys, HCL Tech, and Coforge have lower downside from current levels
 "Trump tariffs: IT stocks eye upto 38% downside if US economy sees recession")
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.
 "Midcap IT in focus: Coforge, Persistent, Cigniti rally up to 11% post Q3")
Jefferies, CLSA, Morgan Stanley retain 'Hold' on HCLTech despite Q3 miss
HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts
 "Jefferies, CLSA, Morgan Stanley retain 'Hold' on HCLTech despite Q3 miss")
HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%
HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds
 "HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%")
Buzzing Stock: Tanla Platforms share price up 11.5% today on heavy volume
Tanla Platforms share price: Over the past three months, Tanla Platforms share has declined 25 per cent on the bourses. It has dropped 28.6 per cent in six months, and 38.6 per cent in calendar year
 "Buzzing Stock: Tanla Platforms share price up 11.5% today on heavy volume")
Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2
Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.
 "Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2")
Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks
A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.
 "Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks")
Information technology stocks suffer biggest one-day fall in six weeks
Fed rate cuts, Accenture promotion delay sour mood
 "Information technology stocks suffer biggest one-day fall in six weeks")
Nifty IT up after Fed signals rate cut; HSBC cautions on midcap IT stocks
Nifty IT up 1.77 per cent intraday after US Fed signals rate cut in September. HSBC believes mid-tier IT is not so strong.
 "Nifty IT up after Fed signals rate cut; HSBC cautions on midcap IT stocks")
Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut
On the bourses, Mphasis has rallied 26.7 per cent in the last three months, driven by expectations of interest rate cuts in the US and early signs of recovery in the US-BFS sector.
 "Here's why Nuvama thinks Mphasis will benefit most from Fed rate cut")
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
Infy, Coforge: Breakout in IT index may assist stocks to soar up to 10%
While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.
Cyient surges 9%, nears 52-week high on healthy business outlook
Thus far in the calendar year 2023 (CY23), the stock price of Cyient has zoomed 74 per cent, as against 2.5 per cent rise in the S&P BSE Sensex.
 "Cyient surges 9%, nears 52-week high on healthy business outlook")
Use corrections in IT sector as buying opportunities, say experts
Stellar long-term track record, growing digitalisation augur well for IT sector funds
