IT Shares Rise Today: TCS, Infosys, HCL Tech, Wipro, Tech Mahindra Gain Up to 3% as Nifty IT Climbs, HCLTech EBIT Margin 18.2%, Guidance Narrowed and Is It Time to Buy?
- October 13, 2026
- Posted by: Lakshit Sharma
- Category: News
IT shares rise today: TCS, Infosys, HCL Tech, Wipro and Tech Mahindra up, Nifty IT +1.7% at the open and +2.62% at 9:30 am. HCLTech +4.9% to Rs 1,282.70; EBIT margin 18.2% (17.4% a year earlier); FY27 guidance narrowed to 2.5% to 4% constant currency from 1% to 4%.
Quick Answer
IT shares rise today because HCLTech’s Q2 FY27 results showed a better margin, with EBIT margin up to 18.2% from 17.4% and net profit up 21.2% to Rs 5,132 crore, and the result lifted TCS, Infosys, Wipro and Tech Mahindra along with the Nifty IT index. The Nifty IT index rose 1.7% at the open and 2.62% by 9:30 am, while HCLTech rose about 4.9% to Rs 1,282.70 and some IT shares were up to 6% by 10:10 am. HCLTech narrowed its FY27 revenue growth guidance to 2.5% to 4% in constant currency from 1% to 4%, which raises the floor but still points to slow growth. Whether it is time to buy depends on valuation and your horizon, since brokers are split between positive, neutral and cautious views.
IT shares rise today in a market that is otherwise cautious, and the move has made IT the best sector on the board. The headline question is simple: is it time to buy TCS, Infosys, HCL Tech, Wipro or Tech Mahindra?
This guide covers why IT shares rise today, the stock-by-stock moves, the HCLTech margin and guidance details, what brokers say, and a framework for deciding.
Gains differ by report and time of day. The headline says up to 3%, one summary says up to 5% and a later update says up to 6%, so use the numbers as a range.
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IT Shares Rise Today: Stock-by-Stock Moves
| Stock or index | Move | Note |
|---|---|---|
| Nifty IT | Up 1.7% at the open; up 2.62% at 29,093.30 at 9:30 am | All 10 constituents higher at 9:30 am |
| HCLTech | Up about 4.9% to Rs 1,282.70 | Top gainer after Q2 FY27 results |
| TCS | Up 1% to 4% | Q2 FY27 results came in broadly in line last week |
| Infosys | Up 1% to 4% | Among the top Sensex gainers |
| Tech Mahindra | Up 1% to 4% | Among the top Sensex gainers |
| Wipro | Up in the headline’s range | Exact move not in the reports I read |
IT shares rise today across the board, which suggests a sector reaction to the HCLTech numbers and not a stock-specific move.
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Why IT Shares Rise Today: HCLTech Details
| Measure | Q2 FY27 | Comparison |
|---|---|---|
| Net profit | Rs 5,132 crore | Up 21.18% year on year, helped by higher margins and lower tax |
| Revenue | Rs 35,620 crore | Up 11.5% year on year |
| EBIT margin | 18.2% | 17.4% a year earlier |
| FY27 revenue guidance | 2.5% to 4% constant currency | Narrowed from 1% to 4% |
| Dividend | Rs 12 per share | Record date 16 October |
The margin gain and the narrower guidance range are the two points that help explain why IT shares rise today. Part of the 11.5% revenue growth came from currency, so constant currency guidance is the cleaner guide to growth.
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What Brokers Say as IT Shares Rise Today
| Broker | View | Reason |
|---|---|---|
| Nomura | Positive | Raised earnings estimates |
| HSBC | Neutral | Balanced on growth and valuation |
| CLSA | Neutral | Balanced on growth and valuation |
| JPMorgan | Cautious | Growth and valuation concerns |
| Citi | Cautious | Growth and valuation concerns |
| Kotak Securities | Mixed | Margin surprise, but weak products business |
Analysts cite resilient services growth, strong margins, AI revenue momentum and a recovery in deal bookings as positives, and slowing organic growth, weakness in software and premium valuations as concerns.
Is It Time to Buy as IT Shares Rise Today?
| Question | What to check | Why it matters |
|---|---|---|
| Is growth improving? | Constant currency growth against 2.5% to 4% guidance | Slow growth limits upside |
| Are margins holding? | EBIT margin near 18% | Margins drove the profit beat |
| Is the price fair? | Price to earnings against history and peers | Brokers flag premium valuations |
| What about the rupee? | A stronger rupee trims rupee earnings for dollar earners (my reading) | Currency moves can swing results |
| What is next? | Infosys and Wipro quarterly results | Peers can confirm or break the trend |
Many investors buy after a one-day sector rally and regret it. Checking valuation and the next results helps decide if IT shares rise today for a lasting reason.
Risks as IT Shares Rise Today
One-day reaction: When IT shares rise today on results day, the gain can fade.
Slow growth: Guidance of 2.5% to 4% is modest.
Valuation: Premium multiples leave little room for a miss.
Software weakness: HCLSoftware revenue fell year on year.
Rupee: A stronger rupee can trim earnings.
What to Watch Next After IT Shares Rise Today
- Whether IT shares hold their gains into the close.
- Infosys and Wipro results.
- Deal wins and AI revenue commentary.
- The rupee against the dollar.
- Broker target changes on HCLTech.
Conclusion
IT shares rise today after HCLTech’s better margin and narrower guidance, with TCS, Infosys, Wipro and Tech Mahindra following, but modest growth and rich valuations argue for care. Check valuation and wait for peer results before adding. Consult a SEBI-registered advisor before making any decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why do IT shares rise today?
Ans. HCLTech’s Q2 FY27 results showed a higher margin and a narrower guidance range, which lifted the sector.
How much did Nifty IT rise?
Ans. It rose 1.7% at the open and 2.62% to 29,093.30 by 9:30 am.
What was HCLTech’s EBIT margin?
Ans. 18.2% in Q2 FY27 against 17.4% a year earlier.
What is HCLTech’s FY27 guidance?
Ans. Revenue growth of 2.5% to 4% in constant currency, narrowed from 1% to 4%.
What do brokers say?
Ans. Nomura is positive, HSBC and CLSA are neutral, and JPMorgan and Citi are cautious on growth and valuation.
Which IT shares rise today the most?
Ans. TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, with HCLTech leading.
What are the risks?
Ans. A one-day reaction, slow growth, premium valuations, software weakness and rupee swings.
Is it time to buy IT shares?
Ans. This article does not constitute investment advice. Consult a SEBI-registered financial advisor.