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TCS, Infosys, Wipro and other IT stocks soar up to 4%. Here’s what’s triggering the surge
IT stocks rallied up to 4% on Wednesday after CLSA retained its Outperform rating on key names, easing concerns around AI-led disruption that had sparked a sharp selloff last month. Coforge and Persistent led gains, rising over 4% each, while TCS, LTIMindtree, HCL Tech, Tech Mahindra and Wipro also posted strong advances.
Infosys share price drops 3% to lowest level since April 2023; m-cap slips below ₹5 lakh crore
Infosys shares dropped nearly 3% to ₹1,215, reaching their lowest since April 2023, amid ongoing tech stock sell-offs. The company's market cap fell below ₹5 lakh crore, losing ₹1,72,530 crore in two months, with concerns over rising oil prices and interest rates affecting demand.
Infosys Share Price Highlights: Infosys Stock Price History
Bring your own food! LPG shortage prompts action by IT giants HCLTech, Infosys, Cognizant
Companies, including Infosys, HCL, and TCS, issued advisories as tensions in the Middle East impacted global energy markets.
TCS, Infosys among 6 Sensex stocks that hit 52-week lows; slip up to 18% in a month
On Friday, the benchmark Sensex dropped 1,471 points, closing at 74,563. During the broader market sell-off, six stocks from the BSE Sensex index hit their 52-week lows.
Gas crunch hits tech offices: HCLTech offers WFH, Infosys cuts cafeteria menu
Several cafeteria vendors were unable to operate due to the ongoing LPG crunch, prompting HCL Tech to allow staff to work remotely on the two days,
Are Indian techies losing jobs due to AI? CLSA analysts make a strong argument
Despite fears of AI-driven layoffs in India’s IT sector, CLSA analysts say hiring remains steady, and revenue per employee is rising. IT giants like TCS, Infosys and Tech Mahindra continue to expand recruitment, especially for specialised AI roles, while AI adoption boosts productivity and margins without threatening core jobs.
The 'Death' Of Indian IT Is Highly Exaggerated—And Nuvama Says It's Time To Buy 'Everything'
Nuvama dismisses AI doom, issuing buy calls on top Indian IT stocks like Coforge and Infosys, citing massive upside after a sharp sector-wide price correction.
Stocks to Watch Today: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain,... - Moneycontrol.com
Stocks to Watch Today: Infosys, Waaree Renewable, HG Infra, InterGlobe Aviation, TVS Supply Chain,...Moneycontrol.com
Infosys partners with Incora to deploy AI across global aerospace and defence supply chain operations
Under the multi-year alliance, Incora will work with Infosys to implement AI-enabled capabilities supporting its operations across more than 60 countries.
Everyone selling IT stocks after record crash, but this Rs 1.3 lakh crore mutual fund doing the exact opposite
While foreign investors fled India's IT sector, dumping Rs 17,000 crore in February, the PPFAS Flexicap Fund made a bold contrarian move. The fund aggressively bought shares in HCL Technologies, Infosys, and TCS, despite AI fears causing the Nifty IT index to plunge. This strategic accumulation contrasts sharply with analyst downgrades and widespread sector pessimism.
Explained: Why Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff
Shares of IT companies outperformed the broader market on Monday, with Wipro, LTIMindtree, and Persistent Systems rising up to 1% despite a sharp selloff that wiped out over Rs 12.39 lakh crore from BSE-listed companies’ market capitalisation. Wipro led gains, while Infosys and TCS saw modest declines, less severe than the broader market drop.