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Infosys, TCS, HCL Tech, other IT stocks rally up to 3%. 2 major reasons why
Indian IT stocks saw gains on Friday, led by Tech Mahindra's better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant seven-year deal. Wipro shares declined more than three percent after reporting weak first-quarter performance. Brokerages offered positive outlooks for Tech Mahindra, increasing target prices for the stock. The Nifty IT index registered a notable increase, reflecting the broad-based gains.
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economictimes.indiatimes.com
Explained: Why TCS, Infosys, Wipro & other IT stocks may tumble after IBM's historic 25% plunge
Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge may face selling pressure after IBM plunged 25% in its steepest-ever one-day…
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newsbytesapp.com
Why IT stocks are rallying today
IT stocks, including HCLTech, TechM, Infosys, and TCS, surged up to 3% as softer US inflation data and anticipation of June-quarter earnings boosted investor sentiment.
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Tech Mahindra Q1 Results: Net profit rises 28% YoY to Rs 1,465 crore, revenue up 18%
Tech Mahindra announced a consolidated net profit of Rs 1,465 crore for the first quarter. This represents a substantial 28% increase compared to the previous year's earnings. The…
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thehindubusinessline.com
Tech Mahindra outshines Wipro in Q1 with stronger growth, margin expansion
Tech Mahindra surpasses Wipro in Q1 with 17.6% revenue growth and 31.6% profit increase amid Wipro's profitability struggles.
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channelnewsasia.com
India's Tech Mahindra gains as strong deal wins lift growth outlook
July 17 : Shares of India's Tech Mahindra rose as much as 3.5 per cent on Friday after the IT services firm posted better-than-expected quarterly revenue, with analysts saying…
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Tech Mahindra shares jump 3% after Q1 earnings beat estimates. What Nomura, Nuvama, other brokerages now expect
Tech Mahindra shares surged after the IT major reported better-than-expected Q1 FY27 results, with net profit rising 28% YoY to Rs 1,465 crore and revenue climbing 18% to Rs…
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Infosys, TCS, HCL Tech, other IT stocks rally up to 3%. 2 major reasons why
Indian IT stocks saw gains on Friday, led by Tech Mahindra's better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant…
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ech Mahindra shares jump on Q1 results; analysts split on valuation
Tech Mahindra's stock rises after strong Q1 results, with analysts divided on future valuation amid positive growth forecasts.