Economic TimesLean R·
Infosys, TCS, HCL Tech, other IT stocks rally up to 3%. 2 major reasons why
Shares of IT majors Infosys, TCS, HCL Tech, Tech Mahindra, and others rallied up to 3.3% on Friday, buoyed by a better-than-expected first quarter from Tech Mahindra. Infosys led the gains among IT stocks, rising 3.3% to Rs 1,117, while HCL Tech climbed 3% to Rs 1,221. Tech Mahindra advanced 3.4% to Rs 1,563, and TCS gained 2.5% to touch an intraday high of Rs 2,256. Midcap IT firm Persistent Systems also added over 1%. On the other hand, Wipro fell more than 3% following its weak Q1 performanc…
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