IT Stocks Rally: Wipro, Infosys, Birlasoft Shares Jump Over 3%; Jefferies Sees IT Re-Rating Potential
Jefferies rate stocks including Wipro, Infosys and Birlasoft.
· NDTV Profit, ET Stocks, Economic Times Markets
Wipro, Infosys and Birlasoft lead IT stock gains, while Jefferies sees selective upside in large- and mid-cap stocks and raises large-cap target prices by 1418%.
The analysis
Where the names start from: Wipro is 27% below its 52-week high, +6.4% over three months; Infosys is 30% below its 52-week high, +2.6% over three months; Birlasoft is 31% below its 52-week high, +5.5% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Market context
- Brokerage calls from Jefferies, with ratings on the stocks named. The stocks: Wipro, Infosys and Birlasoft.
- On the day, 2 of 3 are higher: Wipro leads at +4.3% and Birlasoft trails at -5.7%.
- Over three months: Wipro +6.4% against IT -3.1% (9.5 points ahead); Infosys +2.6% against IT -3.1% (5.7 points ahead); Birlasoft +5.5% against IT -3.1% (8.6 points ahead).
- At least 25% below the 52-week high: Wipro (27%), Infosys (30%) and Birlasoft (31%).
| 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× | — |
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
| BirlasoftBSOFT · IT | ₹323.00 | -5.7% | +18.9% | +5.5% | -30.6% | 1.3× | — |
IT
1M +5.2% · 3M -3.1%
Wipro, Infosys, Birlasoft
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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