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Broker call▼ Bearish for TCS
IT sector Q2 FY27 preview: TCS, Infosys to HCL Tech, Tech M— Kotak sees muted quarter for Indian IT giants
The brief
- Kotak sees muted Q2 FY27 results for Indian IT companies
- Demand conditions have neither improved nor deteriorated since the June 2026 quarter
- Muted demand expectations may weigh on TCS, Infosys, HCLTech and other IT services stocks
- DeepSeek partners with Huawei to develop chip programming tools, reducing reliance on Nvidia
- US probes H-1B visa for fraud, plans 'very different' scheme in a year
- Stocks to watch today: Analysts recommend Dr Reddy's, Mankind Pharma; sell HCLTech
- Indian IT stocks extend sell-off, with Infosys below ₹1,000 and Wipro at a six-year low
- Buzzing Stocks: HCL Tech down on acquiring Croatia-based Robotiq.ai; Petronet LNG dips 2% as Jefferies keeps 'underperform'
Infosys FY27 guidance outlook
Infosys has guided for FY27 constant-currency revenue growth of 1.5%-3.0%, and brokerages see scope to narrow the range. A later preview says Infosys and other large-cap IT firms may cut guidance as AI deflation weighs, while mid-caps may buck the trend.
Wednesday, 30 September
- IT sector Q2 FY27 preview: TCS, Infosys to HCL Tech, Tech M— Kotak sees muted quarter for Indian IT giants