IT stocks extended their rally in early trade, with major players registering significant gains. Positive global cues and sector-specific optimism have propelled these stocks upward.
Top IT Gainers:
| Stock | Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| TCS | 4,214.05 | +175.20 | +4.34% |
| LTIM | 6,019.65 | +178.95 | +3.06% |
| Tech Mahindra | 1,686.75 | +43.95 | +2.68% |
| Mphasis | 2,936.55 | +64.60 | +2.25% |
| Coforge | 9,494.45 | +211.45 | +2.28% |
| Persistent | 6,293.10 | +113.75 | +1.84% |
| Wipro | 299.70 | +7.40 | +2.53% |
| Infosys | 1,954.95 | +37.65 | +1.96% |
| LTTS | 4,936.25 | +56.90 | +1.17% |
| HCL Tech | 1,963.10 | +28.30 | +1.46% |
| OFSS | 11,841.20 | +114.15 | +0.97% |
| Tata Tech | 874.95 | +0.65 | +0.07% |
Key Updates:
- TCS continues to lead the IT pack with a 4.34% rise, trading at ₹4,214.05. Market optimism surrounding strong deal wins and discretionary spending revival fuels the rally.
- LTIMindtree, up by 3.06%, trades at ₹6,019.65, showcasing resilience amid positive sentiments in the IT sector.
- Tech Mahindra, Coforge, and Mphasis have gained over 2%, driven by expectations of a demand recovery in key markets like North America.
- Infosys and Wipro saw healthy growth of 1.96% and 2.53%, respectively, reflecting investor confidence in the sector’s long-term prospects.
The robust performance of IT stocks signals optimism for a potential turnaround in the sector. Analysts attribute the gains to strong demand trends in digital transformation and positive deal momentum, alongside improving macroeconomic conditions.
IT stocks remain in focus as Q3 results are expected to provide insights into the sector’s growth trajectory. With positive commentary from management across companies, investors are eyeing IT stocks as a promising investment avenue for 2025.
Disclaimer: This information is for informational purposes only and does not constitute financial advice.
