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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.
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Demagnetized giants: Why India’s corporate titans are resisting the pull of a ₹7,280-crore magnet race
India sits on massive rare-earth deposits, yet remains 90% dependent on China for the vital magnets powering EVs and defence systems. As a PLI deadline looms, why are India’s corporate giants demagnetized?
Stocks to Watch today: RVNL, HFCL, Gujrat Gas, Hudco, Lupin, Hexware Tech
Stock to Watch today, June 18: ZF Commercial Vehicle Control Systems India, Lemon Tree Hotels, Anik Industries, and Balkrishna Industries are among the top stocks to remain in focus
KS Smart Tech arm bags 111-cr order from UPDESCO
KS Smart Technologies said its wholly owned subsidiary, KS Smart Solutions, has received a letter of intent (LoI) from Uttar Pradesh Development Systems Corporation (UPDESCO) for a digital libraries infrastructure project worth about Rs 111.35 crore.
Rashi Peripherals Ltd leads gainers in 'B' group
XPRO India Ltd, Concord Enviro Systems Ltd, Bharat Gears Ltd and Fertilizers & Chemicals Travancore Ltd are among the other gainers in the BSE's 'B' group today, 16 June 2026.
Concord Enviro gains as arm bags Rs 16-cr order from steel manufacturer
Concord Enviro Systems surged 9.39% to Rs 294.25 after its wholly owned subsidiary, Rochem Separation Systems (India) has secured an order worth about Rs 16 crore from a leading domestic steel manufacturer.
MTAR Tech share price falls 11% as US client faces project uncertainty
The sharp decline in MTAR Technologies shares today followed reports that Crusoe Energy Systems LLC has paused work on a project in Wyoming, for which Bloom Energy was contracted as fuel cell supplier
JNK India shares jump 12% on large order win; stock up 94% in 2026 so far
Today's buying activity in JNK India was buoyed by an announcement that the company has received a large order from CC7 Emirates Engineering Solutions L.L.C., UAE for waste gas handling systems.
JNK India rallies after securing large order from overseas entity
JNK India surged 10.58% to Rs 463.70 after the company has received a large order from CC7 Emirates Engineering Solutions L.L.C., UAE for the supply of waste gas handling systems.
Dynacons bags ₹126 crore Central Bank of India tech modernisation project
Dynacons Systems has secured a ₹125.88 crore order from Central Bank of India to expand its private cloud infrastructure and deploy NVIDIA H200 Blackwell GPU-based systems to support advanced AI workloads.