'When people, especially men, are frustrated, they hurl abuses, and I did abuse in the video. My manager asked me to delete the video, and I did... but they fired me,' the former Tech Mahindra employee Saurabh Saraswat said.
Tech Mahindra is the only IT services company that got selected under IndiaAI Mission to build its own LLM. The Pune-headquarter IT firm made advancements to its existing ‘Project Indus’ to build the new foundation model.
FIIs’ combined investment in IT stocks declined to Rs 4.49 lakh crore as of February 15, the lowest level in four years. This compares with Rs 5.34 lakh crore at the end of January 2026.
The AI transition has been in the works for at least over a year for most of these Tier-1 IT majors, and this reflected in the steadfast belief Indian investors held in the past couple of weeks even as the US-driven AI panic led to stock rout.
In the Nifty Midcap100 index, Max Financial Services and Housing & Urban Development Corporation gained up to 5 percent, while KPIT Technologies and Coforge fell up to 7 percent.
Buying on dips offers a superior risk-reward, while avoiding aggressive trades into the gap and keeping leverage low is advised, said Ashish Kyal.
The market is expected to remain range-bound amid a rising India VIX. Below are some short-term trading ideas to consider.
Consolidation with range-bound trading is expected to continue over the next few sessions. Below are some short-term trading ideas to consider.
In the current market condition, key would be to stay highly selective, not short the markets too much, and stay invested in relatively stronger pockets, said Milan Vaishnav.
Momentum indicators remain weak, with the weekly RSI hovering around the 45 mark—its lowest level since April 2025—and trading below its 9-week average, signalling persistent downside momentum in Nifty 50, said Sudeep Shah.
Joshi said unlike last year, clients have evolved from AI experimentation to now understanding the need for data readiness and clean data for AI. This will bring IT services industry “back in the limelight.”
A doji-like pattern formation and oversold RSI signal the possibility of a bounce-back, but the sustainability of the same remains key to watch. Below are some short-term trading ideas to consider.
ICICI Securities recommended hold rating on Tech Mahindra with a target price of Rs 1600 in its research report dated January 17, 2026.
Motilal Oswal is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 2350 in its research report dated January 17, 2026.
Prabhudas Lilladher recommended Accumulate rating on Tech Mahindra with a target price of Rs 1860 in its research report dated January 17, 2026.
Deven Choksey recommended accumulate rating on Tech Mahindra with a target price of Rs 1805 in its research report dated January 19, 2026.
The turnaround in communication is good news and sustaining the same remains critical
Anand Rathi is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1964 in its research report dated January 18, 2026.
RBL Bank reported lower-than-expected Q3 net profit, as it cut provisions for bad loans, other contingencies by 46%
Stocks to Watch, 19 January: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, Wipro, Tech Mahindra, IDBI Bank, Yes Bank, RBL Bank, UCO Bank, Indosolar, JB Chemicals and Pharmaceuticals, Bajaj Healthcare, and Bharat Coking Coal will be in focus on January 19.
Consolidation with rangebound trading may continue for a few more sessions. Below are some short-term trading ideas to consider.
When compared to 9MFY25, the top five IT services majors’ hiring plunged more than 105 per cent in 9MFY26.
We expect to grow higher than the peer average by the end of FY27, while progressing towards the 15 per cent EBIT margin target, said Tech Mahindra CEO Mohit Joshi