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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.
