IT stocks witnessed strong gains on Monday following upbeat guidance from Infosys’ Q4 results, which boosted overall sentiment in the technology sector. Shares of companies like Mphasis, Tech Mahindra, Coforge, and HCL Technologies saw significant upward movement.
The Nifty IT index surged over 3%, making it one of the top-performing sectoral indices of the day after banking. The index extended its winning streak, rising 3.46% on Monday and gaining 5.45% over the last five sessions.
Mphasis emerged as the top gainer, jumping 6.37% to hit ₹2,418.50 on the NSE. Tech Mahindra followed with a 6.2% rise to ₹1,389. Coforge and HCL Technologies also posted gains of 4.8% and 3.39%, respectively.
Heavyweights like Tata Consultancy Services (TCS) and Infosys added between 1% and 3%.
The positive momentum followed Infosys’ announcement of its March quarter results. India’s second-largest IT services company projected revenue growth of 0–3% in constant currency terms for FY26.
While the earnings figures largely met market expectations, management’s commentary on a “stable to marginally improving environment” appeared to lift investor confidence.
For the quarter ended March, Infosys reported a 12% year-on-year drop in net profit to ₹7,033 crore. Consolidated revenue rose 7.9% year-on-year to ₹40,925 crore.
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Source: Moneycontrol.
