IT Stocks Split: Infosys, TechM Lead Losses; Persistent Systems, HCLTech Jump
Infosys is in focus.
· NDTV Profit
US equities faced investor pressure on Friday, with magnificent seven giants like Alphabet Inc. and Microsoft Corp. settling over 2% and nearly 2% lower.
The analysis
Infosys reported movement of 2%. 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 +3.4% on the day at ₹1,185.00, and has returned +2.6% over three months. It sits 30% 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 Infosys is running 5.7 points ahead of its peers.
With Infosys, Persistent Systems and HCL Technologies all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 3 of 3 are higher: Infosys leads at +3.4% and HCL Technologies trails at +1.7%.
- Over three months: Infosys +2.6% against IT -3.1% (5.7 points ahead); Persistent Systems +9.7% against IT -3.1% (12.8 points ahead); HCL Technologies +5.6% against IT -3.1% (8.7 points ahead).
- At least 25% below the 52-week high: Infosys (30%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
| Persistent SystemsPERSISTENT · IT | ₹6,048.00 | +2.9% | +14.6% | +9.7% | -7.9% | 1.4× | — |
| HCL TechnologiesHCLTECH · IT | ₹1,428.10 | +1.7% | +16.1% | +5.6% | -17.4% | 0.9× | — |
IT
1M +5.2% · 3M -3.1%
Infosys, Persistent Systems, HCL Technologies
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
TCS, Infosys, HCL Tech: Anthropic revenue soars 14-fold in H1 2026 - Can Indian IT stocks benefit from AI boom?
Dividend, stock split, bonus record date alert 2-8 Nov week: Infosys, Mazagon Dock, Coal India, Sanofi and other shares
Infosys Hyderabad Pocharam campus: New 1.1 million sq ft block adds 10,000 seats, supports 13,000 employees
Stock Market Today: Sensex Jumps 500 Points, Nifty 50 Above 23,100; Trent, IndiGo, HCL Tech Top Gainers
Q2 October dividend champions: Infosys, Colgate, HUL, CPCL, Coal India | Big payouts - amount, record date