The stock market fell again on Monday, mainly due to a sharp decline in IT stocks. The Nifty IT index dropped 2.70 percent to 39,451.30, making it the worst-performing sector. IT stocks were among the biggest losers in the Nifty 50, with Wipro falling the most, down 4.08 percent intraday.
Several factors led to this decline. First, rising inflation concerns in the US created uncertainty. New inflation data signaled an economic slowdown, causing investors to seek safer assets like gold and bonds. Consumer sentiment in the US fell nearly 10 percent in February, and home sales declined more than expected. As a result, US companies may cut IT spending, impacting Indian IT firms.
Second, foreign institutional investors (FIIs) have been aggressively selling Indian equities. In February alone, they sold Rs. 36,976.70 crore, after offloading Rs. 87,374.66 crore in January. This marks the fourth straight month of FII selling.
Lastly, worries over tariffs and weak deal ramp-ups have added to investor concerns. Uncertainty around US trade policies and slower growth projections for Q4 have negatively impacted IT stocks, keeping market sentiment weak.
Here are a few IT stocks Falling today up to 4 percent
Tata Consultancy Services Limited
With a market capitalization of Rs. 13,36,883.34 crores, the share of Tata Consultancy Services Limited has reached an intraday low of Rs. 3693.30 per equity share, down nearly around 2.44 percent from its previous day’s close price of Rs. 3785.75.
Tata Consultancy Services Limited was established in 1968 and offers IT services, consulting, and business solutions, specializing in digital transformation, AI, and cloud computing for businesses worldwide.
Tata Consultancy Services Limited’s revenue has increased from Rs. 60,583 crore in Q3 FY24 to Rs. 63,973 crore in Q3 FY25, which has grown by 5.60 percent. The net profit has also grown by 12.14 percent from Rs. 11,097 crore in Q3 FY24 to Rs. 12,444 crore in Q3 FY25.
Wipro Limited
With a market capitalization of Rs. 3,07,967.27 crores, the share of Wipro Limited has reached an intraday low of Rs. 293.75 per equity share, down nearly around 4.08 percent from its previous day’s close price of Rs. 306.25.
Wipro Limited was founded in 194 and provides IT services, consulting, and business solutions, focusing on digital transformation, cybersecurity, and cloud technologies for global enterprises.
Wipro Limited’s revenue has increased from Rs. 22,205 crore in Q3 FY24 to Rs. 22,319 crore in Q3 FY25, which has grown by 0.51 percent. The net profit has also grown by 24.66 percent from Rs. 2,701 crore in Q3 FY24 to Rs. 3,367 crore in Q3 FY25.
Infosys Limited
With a market capitalization of Rs. 7,28,181.87 crores, the share of Infosys Limited has reached an intraday low of Rs. 1753 per equity share, down nearly around 3.42 percent from its previous day’s close price of Rs. 1815.15.
Infosys Limited was established in 1981 and is engaged in IT consulting and services, delivering AI-driven solutions, cloud computing, and business process management to clients across industries.
Infosys Limited’s revenue has increased from Rs. 38,821 crore in Q3 FY24 to Rs. 41,764 crore in Q3 FY25, which has grown by 7.58 percent. The net profit has also grown by 11.60 percent from Rs. 6,113 crore in Q3 FY24 to Rs. 6,822 crore in Q3 FY25.
HCL Technologies Limited
With a market capitalization of Rs. 4,45,448.13 crores, the share of HCL Technologies Limited has reached an intraday low of Rs. 1,638.45 per equity share, down nearly around 3.81 percent from its previous day’s close price of Rs. 1,700.85.
HCL Technologies Limited was established in 1976 and is engaged in IT services and consulting, providing digital solutions, cloud computing, and cybersecurity to global enterprises across various industries.
HCL Technologies Limited’s revenue has increased from Rs. 28,446 crore in Q3 FY24 to Rs. 29,890 crore in Q3 FY25, which has grown by 5.08 percent. The net profit has also grown by 5.58 percent from Rs. 4,351 crore in Q3 FY24 to Rs. 4,594 crore in Q3 FY25.
LTIMindtree Limited
With a market capitalization of Rs. 1,50,513.06 crores, the share of HCL Technologies Limited has reached an intraday low of Rs. 5080 per equity share, down nearly around 4.08 percent from its previous day’s close price of Rs. 5296.35.
LTIMindtree Limited was formed in 2022 after the merger of L&T Infotech and Mindtree, LTIMindtree offers IT services, digital transformation, and cloud solutions to businesses worldwide.
LTIMindtree Limited’s revenue has increased from Rs. 9,017 crore in Q3 FY24 to Rs. 9,661 crore in Q3 FY25, which has grown by 7.14 percent. The net profit has dropped by 7.01 percent from Rs. 1,169 crore in Q3 FY24 to Rs. 1,087 crore in Q3 FY25.
Written By – Nikhil Naik
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