Infosys shares fell as much as 3.5% on April 24, hitting an intraday low of Rs 1,198.80, after the company reported Q4 results. The move came following a weak session overseas and, more importantly, investor reaction to guidance for FY27, which failed to meet expectations despite the quarter’s performance.
Tech Mahindra shares fell nearly 3% on Thursday, sliding to an intraday low of ₹1,418 and extending a four-day losing streak. The drop came as investors weighed a quarterly profit miss against the company’s record-high total dividend of ₹51 per share for FY26. Despite net profit rising 16% year-on-year to ₹1,354 crore, results came in about 10% below analyst estimates.
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Wednesday’s market closed lower as IT stocks weighed on indices, but a handful of counters bucked the trend. Adani Energy Solutions and Websol Energy System stood out among six big movers, climbing on stock-specific triggers while other sectors struggled. Investors watched how earnings, deals, and sentiment reshaped winners and losers on the day’s trade.
India’s IT sector is facing short-term disappointment after recent earnings, with investors focusing on margin pressure and conservative growth guidance. Experts, however, argue the long-term outlook remains stable, pointing to AI-driven efficiency gains—especially for large firms—and the potential for steadier, sustainable growth as valuations cool.
Infosys board members are set to discuss upcoming leadership changes as CEO Salil Parekh’s current term nears completion. A two-year extension is widely expected to help manage succession planning and ensure continuity. With industry disruptions reshaping demand and technology spending, investors are watching closely to gauge stability and the direction of the company’s next chapter.
Tata Consultancy Services’ latest results show net profit down 1.7% year-on-year to ₹12,224 crore, while revenue grew 5.3% to ₹64,479 crore but still landed below market expectations. For FY25, revenue rose 6% to ₹2.55 lakh crore, boosted by a sharp 37.2% surge in regional markets. Management’s signals around compensation are now in focus.
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Tech Mahindra shares fell nearly 5% ahead of its crucial Q4 and FY results, despite brokerages projecting a 9% sequential rise in net profit to ₹1,453.8 crore. Traders booked profits as the stock dipped toward ₹1,428.60, with attention turning to management’s FY27 guidance and how “Project Fortius” restructuring is progressing.
India’s IT sector is seeing a rise in replacement hiring as Gen Z professionals switch jobs faster. The churn is reshaping how firms recruit, onboard, train, and retain talent. In response, companies are leaning more on contractual roles and speeding up onboarding while investing in continuous reskilling to keep up with rapid workforce turnover.
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