Infosys, Coforge, HCL Tech lead IT rally; sector stocks gain up to 4%

Information technology stocks witnessed strong buying interest in early trade on Tuesday, with frontline and midcap IT names rallying up to 4% amid broad-based sectoral momentum.

Infosys shares gained over 4% to trade near ₹1,192, while HCL Technologies rose around 4% to ₹1,192.9. Coforge advanced more than 4% to ₹1,406, and Persistent Systems climbed nearly 4% to ₹5,138.

Among large-cap IT companies, Tata Consultancy Services (TCS) rose 2.75% to ₹2,346, while Tech Mahindra gained 3.63% to ₹1,481.9. Wipro was also trading in the green, up over 2% at ₹196.24.

LTIMindtree shares climbed 3.74% to ₹4,227, Oracle Financial Services Software (OFSS) gained 3.61% to ₹9,748.5, while Mphasis added over 3% to ₹2,220.6.

The rally reflected broad-based strength across the IT pack, with investors accumulating both frontline and mid-tier technology stocks.

Among the major gainers visible in the sectoral screen were:

• Infosys: +4.33%

• Coforge: +4.29%

• HCL Technologies: +4.04%

• Persistent Systems: +3.92%

• LTIMindtree: +3.74%

• Tech Mahindra: +3.63%

• OFSS: +3.61%

• Mphasis: +3.36%

• TCS: +2.75%

• Wipro: +2.12%

The move comes after a period of underperformance in IT stocks amid concerns around global demand moderation, discretionary spending cuts and macroeconomic uncertainty in key overseas markets.

TCS remained the most valued company in the sector with a market capitalisation of around ₹8.49 lakh crore, followed by Infosys at ₹4.82 lakh crore and HCL Technologies at ₹3.23 lakh crore.

Mid-tier IT firms including Persistent Systems, Coforge and Mphasis also continued to see investor interest as traders tracked growth visibility in digital transformation, cloud, AI-led services and BFSI technology spending.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.