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IT Stocks Crash: TCS, Infosys and peers wipe out over ₹1.5 lakh crore of investor wealth
IT stocks have declined up to 9% on Wednesday, June 3, after witnessing a strong upmove over the two trade sessions. The Nifty IT index is down nearly 6%, with all 10 stocks trading with losses. Cumulatively, the stocks on the Nifty IT have wiped out over ₹1.5 lakh crore in investor wealth, with TCS contributing to more than half of that fall. Five out of the 10 Nifty IT constituents, TCS, LTM, Coforge, Persistent Systems and Tech Mahindra, are trading more than 5% down.
Nifty IT snaps 3-day rally, tumbles 6%; TCS, LTM tank up to 9%; here's why
IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.
Stocks to buy today: Analyst recommends LTM, JSW Cement; check targets
Stocks to buy today: Vinay Rajani of HDFC Securities has recommended two stocks for today - LTM and JSW Cement.
LTM Ltd gains for third consecutive session
LTM Ltd is quoting at Rs 4249.6, up 4.63% on the day as on 12:49 IST on the NSE. The stock is down 16.22% in last one year as compared to a 4.79% drop in NIFTY and a 18.53% drop in the Nifty IT index.
LTM Ltd drops for fifth straight session
LTM Ltd is quoting at Rs 3990, down 0.04% on the day as on 13:19 IST on the NSE. The stock tumbled 21.88% in last one year as compared to a 3.4% slide in NIFTY and a 22.35% fall in the Nifty IT index.
You can't control the speed of innovation, says LTM CEO Lambu
LTM’s first year under chief executive Venu Lambu has been marked by big bets on growth, even as the sector grapples with uncertainty around AI. As LTM advances its goal of doubling revenue, he says enterprises will continue to spend if AI investments deliver on the context, cost and mindset change.
LTM buys Randstad's Europe, Australia units in first acquisition since merger
The $186-million deal for Randstad expands LTM's revenue base by $500 million and enhances its capabilities in various sectors while aligning with its ambitious growth plans.
LTM offers to acquire Randstad's Tech & Consulting Services biz in Europe, Australia for €160 million
The transaction is subject to information-consultation processes with relevant Works Councils, followed by the execution of definitive agreements and the receipt of necessary regulatory approvals, including foreign direct investment and anti-trust clearances.
Dividend stocks: TCS, Bajaj Auto, ITC, LTM, 14 others go ex-date next week
Among the companies, Bajaj Auto has announced the highest final dividend of ₹150 per share, with May 29, 2026, fixed as the record date
TCS, Tata Consumer, LTM, Siyaram Silk Mills Dividend Record Date: Last Day To Buy Shares To Qualify
Dividend Record Date: Last Day To Buy Shares To Qualify
LTM Ltd soars 4.43%, Gains for third straight session
LTM Ltd is quoting at Rs 4255, up 4.43% on the day as on 12:49 IST on the NSE. The stock is down 15.16% in last one year as compared to a 3.87% fall in NIFTY and a 21.31% fall in the Nifty IT index.
