IT stocks on fire, rally up to 15% today; check performance of TCS, L&T Technology, Wipro, Infosys | Jefferies bullish
Tata Consultancy moved higher.
· LiveMint Markets
The Nifty IT index rose as investors welcomed strong results from L&T Technology Services and renewed hopes for traditional technology spending. Jefferies sees re-rating potential for Infosys, TCS, but warned that a recovery is not assured given AI-related risks and wider market pressures.
The analysis
Tata Consultancy reported movement of 15%. 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 +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, Larsen & Toubro 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
- 4 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 Larsen & Toubro (L&T) trails at +0.9%.
- Over three months: Tata Consultancy (TCS) +2.9% against IT -3.1% (6.0 points ahead); Larsen & Toubro (L&T) -1.7% against Infrastructure -15.8% (14.1 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× | — |
| Larsen & Toubro (L&T)LT · Infrastructure | ₹3,871.70 | +0.9% | +3.0% | -1.7% | -12.4% | 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× | — |
| L&T Technology ServicesLTTS · IT | ₹4,280.20 | +2.3% | +32.6% | +20.3% | -8.9% | 0.4× | — |
IT
1M +5.2% · 3M -3.1%
Tata Consultancy (TCS), Wipro, Infosys, L&T Technology Services
Infrastructure
1M -10.5% · 3M -15.8%
Larsen & Toubro (L&T)
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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