Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Infosys, Tech Mahindra, Mphasis Among Anand Rathi's Top Picks Amid The IT Sector's 'Double Whammy'
Despite the near-term challenges, Anand Rathi remains positive on select names and among large caps, it has identified Infosys, LTI Mindtree and Tech Mahindra as its preferred picks.
IT stocks may not have bottomed yet; prefer Coforge, Mphasis: Motilal Oswal Financial
Abhishek Pathak, VP – Institutional Research Analyst, Tech & IT at Motilal Oswal Financial Services, expects Infosys and HCLTech to lower the upper end of their FY27 guidance, remains cautious on KPIT Technologies following its profit warning, and warns that the IT sector could see further valuation cuts. However, he continues to favour selective mid-cap bets such as Coforge, Mphasis and, potentially, Persistent Systems.
Infosys, TCS and other IT stocks jump up to 5% on dip buying. Is the worst over?
IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%. The recovery lifted sentiment after the sector had shed nearly 7% over the previous four trading sessions.
Infosys, Tech Mahindra, TCS Under Pressure: IT Stocks Crash To Three-Year Low After Accenture Sell-Off
Major Indian IT stocks are crashing.Infosys Ltd. is trading at a low of Rs 1,033.9, down 8.3%. Mphasis Ltd. touched Rs 2,150, declining 7.99%, while Tech Mahindra Ltd. fell to Rs 1,344, down 7.16%.
Buy, Sell Or Hold: Kaynes Tech, Mphasis, Canara Bank, Techno Electric, Swiggy, Jagran Prakashan — Ask Profit
Buy Sell Hold
Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.
Nifty IT lags again after sharp fall, but March stability raises hope worst may be priced in
Abhishek Pathak of Motilal Oswal prefers HCLTech and Tech Mahindra among large-cap IT stocks, while highlighting Coforge and Mphasis as attractive midcap picks, citing strong deal visibility, better valuations, and higher agility in adapting to AI-led changes.
Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%
IT shares extended rally on expectations of a better-than-anticipated March quarter, beginning this Thursday.