TCS, HCL Tech, Wipro, Infosys to Tech Mahindra — experts bullish on IT shares after Accenture's shift from AI investment
IT stocks to buy for long term: The Indian IT stocks have been on an uptrend after the announcement of Accenture's Q4 results, signalling broader IT spending beyond AI. In one week's time, the TCS share price has risen over 11%, HCL Tech's share price has appreciated around 7.50%, Wipro's share price has shot up around 11%, and Tech Mahindra's share price has skyrocketed around 18%. Meanwhile, Infosys shares are also attracting strong buying interest ahead of its Q2 results 2026 date, which falls this week. Infosys shares have surged nearly 9.50% over the past week.
Pointing towards the key trigger for the Indian IT majors, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, “Accenture expects revenue growth across both consulting and managed services in FY2027. Its guidance assumes stable to slightly improving discretionary spending at the upper end, while allowing for weaker spending at the lower end.”
The SMC Global Securities expert said the Indian market estimates that AI cloud may create new opportunities for the Indian IT majors like TCS, Wipro, Infosys, HCL Tech, etc., and attributed three major reasons for the spike in the Indian IT stocks: Accenture's strong Q4FY26 results, AI could creating new opportunities for the services-oriented IT companies, and better-than-expected Q2 results 2026 by the Indian IT companies.
Decoding the Accenture Q4FY26 results, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “Accenture reported better-than-expected Q4FY26 results. The Dublin-based IT major reported Q4 revenue of $18.68 billion against the $18.03 billion expected by analysts. It also projected annual revenue growth of 3-6%.”
Ojha said that AI-driven price increases and cautious spending will likely weigh on the growth of Indian IT companies, even as Accenture’s guidance suggested consistent demand in consultancy and managed services, with work related to artificial intelligence (AI) also adding to sentiment.
Pointing towards the opportunities available for the Indian IT companies through AI cloud, Seema Srivastava of SMC Global Securities said, “As enterprises move from AI experiments to large-scale deployments, IT companies are competing to secure contracts in AI-led transformation, software engineering, automation and digital services.”
The SMC Global Securities expert said that strong AI demand does not automatically translate into faster overall revenue growth or higher margins.
(This is a developing story. Please refresh for more details)
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
Get Latest real-time updates
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeMarketsStock MarketsWhat to do with IT stocks? TCS, HCL Tech, Wipro, Infosys, Tech Mahindra — Why experts are bullish after Accenture news
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.