Tech Mahindra, Mphasis, HCL Tech, other IT shares rise up to 6% post-Infosys Q4 results

HCL, Tech Mahindra, Coforge rise up to 6% post Infosys Q4 results.

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26 Aug, 2025 12:21

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IT shares surged on Monday, with Mphasis, Tech Mahindra, Coforge and HCL Technologies rising sharply, as upbeat guidance from Infosys boosted sentiment across the sector.

The Nifty IT index jumped over 3 percent, making it one of the top-performing sectoral indices for the day after banking. The index extended its winning streak, rising 3.46 percent on Monday and 5.45 percent over the past five sessions.

Mphasis settled 4.85 percent higher at Rs 2,384 per share on the NSE. Tech Mahindra was the biggest gainer in the pack, settling 5.14 percent higher to Rs 1,374 per share, while Coforge and HCL Technologies climbed 4.8 percent and 3.39 percent, respectively.

Index heavyweights Tata Constancy Services (TCS) and Infosys rose between 1 - 3 percent.

The gains came after Infosys, India’s second-largest IT services firm, announced its earnings for the March quarter last week and issued revenue growth guidance of 0-3 percent in constant currency terms for FY26.

While the numbers were largely in line with estimates, the management commentary around a "stable to marginally improving environment" appeared to strike a positive chord with investors.

"The upper end of Infosys’ guidance assumes a stable to marginally improving environment. We found this notably positive," brokerage Motilal Oswal said in a note, adding that it expects Infosys to end FY26 with 2 per cent organic growth.

Infosys stock gains despite Q4 miss, investors focus on guidance; brokerages unimpressed, cut targets

For the three months ended March, the IT player posted a 12 percent year-on-year (YoY) fall in net profit to Rs 7,033 crore in the fourth quarter of FY25. Consolidated revenue for the quarter came in at Rs 40,925 crore, up 7.9 percent YoY.

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