TCS, HCL Tech, Wipro, Infosys to Tech Mahindra — experts bullish on IT shares after Accenture's shift from AI investment
Tata Consultancy made an announcement with October 1 in focus.
· LiveMint Markets
IT stocks have been on an uptrend since announcement of Accenture results on October 1, 2026, signaling broader IT spendings beyond…
Key facts
- Dates in focus
- October 1
The analysis
Against that, the stock is +1.0% on the day at ₹2,502.60, and has returned +2.9% over three months. It sits 25% below its 52-week high. The it sector has moved -3.1% over the same period, so Tata Consultancy is running 6.0 points ahead of its peers.
With Tata Consultancy, HCL Technologies and Wipro 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
- 5 of the 5 companies named are in IT, so the story reads across that sector rather than for one company.
- On the day, 5 of 5 are higher: Wipro leads at +4.3% and Tata Consultancy (TCS) trails at +1.0%.
- Over three months: Tata Consultancy (TCS) +2.9% against IT -3.1% (6.0 points ahead); HCL Technologies +5.6% against IT -3.1% (8.7 points ahead); Wipro +6.4% against IT -3.1% (9.5 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 |
|---|---|---|---|---|---|---|---|
| Tata Consultancy (TCS)TCS · IT | ₹2,502.60 | +1.0% | +22.0% | +2.9% | -24.7% | 0.5× | — |
| HCL TechnologiesHCLTECH · IT | ₹1,428.10 | +1.7% | +16.1% | +5.6% | -17.4% | 0.9× | — |
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
IT
1M +5.2% · 3M -3.1%
Tata Consultancy (TCS), HCL Technologies, Wipro, Infosys, Tech Mahindra
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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