Nifty IT soars 14% in 6 days on Q2 earnings boost; TechM, Wipro, TCS shine
Wipro moved higher in a quarterly results development.
· Business Standard Mkts
At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer.
The analysis
Wipro reported rs 14, with movement of 7%, 14% and 2.8% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +4.3% on the day at ₹198.31, and has returned +6.4% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -3.1% over the same period, so Wipro is running 9.5 points ahead of its peers.
With Wipro, Tata Consultancy and Tech Mahindra all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- 4 of the 4 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 4 of 4 are higher: Wipro leads at +4.3% and Tata Consultancy (TCS) trails at +1.0%.
- Over three months: Wipro +6.4% against IT -3.1% (9.5 points ahead); Tata Consultancy (TCS) +2.9% against IT -3.1% (6.0 points ahead); Tech Mahindra +7.3% against IT -3.1% (10.4 points ahead); Infosys +2.6% against IT -3.1% (5.7 points ahead).
- At least 25% below the 52-week high: Wipro (27%) and Infosys (30%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
| Tata Consultancy (TCS)TCS · IT | ₹2,502.60 | +1.0% | +22.0% | +2.9% | -24.7% | 0.5× | — |
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
IT
1M +5.2% · 3M -3.1%
Wipro, Tata Consultancy (TCS), Tech Mahindra, Infosys
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 October dividend champions: Infosys, Colgate, HUL, CPCL, Coal India | Big payouts - amount, record date
TCS, Infosys, HCL Tech: Anthropic revenue soars 14-fold in H1 2026 - Can Indian IT stocks benefit from AI boom?
Jefferies Cautious On IT: TCS Rated Underperform, Infosys Hold After $10 Billion FPI Outflow
Stock Market Highlights: Sensex Ends 353 Points Lower, Nifty At 22,699; Broader Indices Outperform
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy on debut itself