Nifty IT News and Updates

Name: Latest research reports of LTIMindtree Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: LTIMindtree Ltd.
Rating: 5
Author: ICICI Direct

Keep track of all breaking news on Nifty IT from all sources in a single place.

Wipro Ltd.

05 Feb 2026, 09:02AM

230.16

-1.38%

IT shares in focus as ADRs slide overnight; why are tech stocks falling?

Business Standard

ADRs of Wipro and Infosys fell by up to 3.3 per cent on Wednesday, extending losses after declining around 6 per cent amid rising concerns about the global tech sector

IDBI Capital released a Hold report for Wipro Ltd. with a price target of 286.0 on 19 Jan, 2026.

Wipro Ltd.

03 Feb 2026

230.16

-1.38%

Wipro, Infosys ADR Drops After Anthropic's Move Into Legal, Data Services

NDTV Profit

This comes after Anthropic released a new AI automation tool that investors worry could eat into much of their core businesses.

Wipro Ltd. is trading below all available SMAs

Infosys Ltd.

03 Feb 2026

1502.80

-1.14%

Infosys to help US bank Citizens set up AI innovation hub in India

Business Standard

Infosys will work with US-based Citizens to launch an AI-first innovation hub in Bengaluru to drive AI-led transformation across banking operations and services

Number of FII/FPI investors increased from 1649 to 1706 in Dec 2025 qtr.

Wipro Ltd.

02 Feb 2026

230.16

-1.38%

JS Auto Cast foundry raises 300 cr from Premji Invest

Business Line

Following the investment, Premji Invest will hold a 23 per cent stake in JSA on a fully diluted basis

Wipro has lost -27.42% in the last 1 Year

Oracle Financial Services Software Ltd.

02 Feb 2026

7201.50

-3.34%

Oracle plans 20,000-30,000 job cuts to fund data centre expansion

Business Standard

Employees linked to data centres and non-core units are likely to be most at risk

Oracle Financial Services Software Ltd. is trading below all available SMAs

Oracle to raise up to $50 billion this year for cloud investment

Business Line | 02 Feb 2026 1 more

Tata Consultancy Services Ltd.

02 Feb 2026

2926.50

-2.17%

Union Budget trims TCS, simplifies TDS to ease burden on taxpayers

Economic Times

The budget simplifies tax collection with revised Tax Collected at Source (TCS) rates, significantly benefiting overseas travelers, students, and those seeking medical treatment abroad. Changes include a reduced 2% TCS on education, medical, and tour packages under 10 lakh, easing upfront costs.

Tata Consultancy Services Ltd. is trading below all available SMAs

TCS-TDS changes: TCS cuts on LRS, tour packages to ease upfront cash outgo

Business Standard | 01 Feb 2026

LTIMindtree Ltd.

02 Feb 2026

5538.00

-2.56%

LTIMindtree Ltd.

Buy: LTIMindtree Ltd.

Target

ICICI Direct

Q3FY26 Performance: Revenue at US$ 1,208 mn, up 2.4% QoQ/6.1% YoY (up 2.4% QoQ CC/ 5.2% YoY CC). In rupee terms, revenue stood at 10,781 crore, up 3.7% QoQ and 11.6% YoY. Reported EBIT margin declined ~520 bps QoQ to 10.6% while adjusted EBIT margin (ex-one off from new labour code) expanded by ~20 bps QoQ to 16.1%. Reported PAT stood at 959.6 crore, down 31% QoQ/ 12% YoY while...

ICICI Direct increased Buy price target of LTIMindtree Ltd. to 7400.0 on 02 Feb, 2026.

Tech Mahindra Ltd.

01 Feb 2026

1611.40

-2.11%

TECH MAHINDRA LTD

Buy: Tech Mahindra Ltd.

Target

Geojit BNP Paribas

The company delivered a strong performance, driven by robust deal momentum, improved execution and steady demand across key verticals, supported by a solution-led go-to-market strategy and deeper strategic client relationships. Management commentary remained constructive, highlighting continued focus on EBIT improvement through productivity initiatives, cost optimisation and operational efficiencies. The ramp-up of large multi-year deals, increasing adoption of AI-led and digital transformation offerings, and expansion in priority geographies are...

Tech Mahindra Ltd.'s price crossed below 50Day SMA today

HCL Technologies Ltd.

01 Feb 2026

1593.50

-1.02%

Pick of the Week:HCL Technologies

Buy: HCL Technologies Ltd.

Target

Axis Direct

We recommend a BUY on the stock with a target price of Rs 1,860/share, implying an upside of ~10% from the CMP.

HCL Technologies Ltd. is trading above its 200 day SMA of 1584.4

Tata Consultancy Services Ltd.

31 Jan 2026

2926.50

-2.17%

Ram temple likely to be complete by April-end; estimated cost 1,900 crore

Business Standard

All construction work related to the Ram temple in Ayodhya is expected to be completed by April 30, with the overall cost of the project estimated at around Rs 1,900 crore, Ram Temple Construction Committee chairman Nripendra Mishra said on Saturday. Addressing reporters after the conclusion of a two-day meeting of the Ram Temple Construction Committee here, Mishra said that Larsen & Toubro (L&T) and Tata Consultancy, which are executing key works at the site, will exit the temple complex by April 30 once construction is over. Mishra further informed that directions have been issued to complete all paperwork and bill payment procedures by the same date. "L&T and Tata Consultancy have offered a three-year warranty for all the work carried out by them. For maintenance and upkeep, a small team from both organisations will remain deployed inside the temple complex," he said. He added that after April 30, all agreements with L&T, Tata Consultancy and the State Construction .

Tata Consultancy Ser.. has an average target of 3743.00 from 10 brokers.

Ram Temple Construction Expected To End By April 30; Overall Estimated Cost Rs 1,900 Crore

NDTV Profit | 31 Jan 2026

Is Nifty IT worth buying?

612 Votes:

Buy 78.59%

Sell 13.24%

Hold 8.17%

Nifty IT PB	6.7
Nifty IT PE	25.2
Nifty IT DIV	2.9
Nifty IT EPS	1,432.6

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Nifty IT News and Updates

Keep track of all breaking news on Nifty IT from all sources in a single place.