Monday, 5 October 2026Updated 15m ago
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Broker call● Neutral for TCS

TCS, Infosys to Wipro: Jefferies sees earnings risk while Nuvama eyes upside for IT stocks

1 source · first seen 09:01 5 Oct · updated 09:01 5 Oct

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TCS₹2,075.00 · 11 todayInfosys₹1,035.00 · 9 todayWipro₹159.35 · 3 todayIT services22 todayJefferies2 todayNuvama Wealth Management₹1,701.40 · 1 today

Linked by the tag Nuvama Wealth Management

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Part of a developing story16 updates over 7 days

Indian IT firms’ muted Q2 growth outlook

Analysts expect muted Q2FY27 growth for Indian IT firms amid weak discretionary spending, macro uncertainty and AI-led pricing pressure; large caps may underperform mid-caps. Infosys’ FY27 revenue growth guidance of 1.5%-3.0% is expected to face a possible cut or narrowing.

Monday, 5 October

  1. AI deals seen driving medium-term growth as Indian IT sector faces muted Q2: Report
  2. Indian IT’s Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
  3. You are here
    TCS, Infosys to Wipro: Jefferies sees earnings risk while Nuvama eyes upside for IT stocks
  4. IT firms' Q2 reality check: Growth recovery still out of sight

Sunday, 4 October

  1. IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation under lens
  2. India’s top IT firms brace for another slow quarter as client spending remains weak: Analysts
  3. 2 sources
    Indian IT firms seen posting muted Q2 growth with steady margins

See all 16 updates →

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1 report · earliest 09:01
Financial ExpressTCS, Infosys to Wipro: Jefferies sees earnings risk while Nuvama eyes upside for IT stocks09:01