{"id":316569,"date":"2026-10-19T12:50:42","date_gmt":"2026-10-19T07:20:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=316569"},"modified":"2026-10-19T12:50:42","modified_gmt":"2026-10-19T07:20:42","slug":"it-shares-after-accenture-results-tcs-hcl-tech-wipro-infosys-tech-mahindra-what-experts-say","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/it-shares-after-accenture-results-tcs-hcl-tech-wipro-infosys-tech-mahindra-what-experts-say\/","title":{"rendered":"TCS, HCL Tech, Wipro, Infosys to Tech Mahindra: What Experts Say on IT Shares After Accenture Results"},"content":{"rendered":"

IT shares have rallied about 11% since Accenture reported on 1 Oct 2026, with the Nifty IT index at about 31,527 on 19 Oct against 28,305 on 1 Oct (my calculation). Tech Mahindra rose over 16% last week and TCS, Infosys, HCL Tech and Wipro rose 12% to 13%, but all five slipped on Monday, with Infosys down about 2.5% at 12:40 PM IST. Experts are cautiously positive. I could not confirm that Accenture shifted away from AI investment, so I use the broader IT spending angle.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

IT shares rallied because Accenture beat expectations on 1 Oct 2026 with Q4 FY26 revenue of $18.7 billion, up 7% in local currency, and guided to 3% to 6% growth for FY27, which suggested that client spending on technology services is holding up beyond AI projects. The rally then strengthened after HCLTech and TCS results, and Nifty IT rose about 5% on 13 Oct alone (my calculation). Experts such as Religare’s Ajit Mishra and Master Capital’s Ravi Singh call it a tactical rally and warn against chasing it, while Emkay says the read-through from Accenture is limited. On Monday IT shares gave back part of the gain, with Nifty IT down about 1.2% by 12:40 PM IST.<\/p>\n<\/p><\/div>\n

IT shares were down about 25% for the year when the Accenture results came, so part of the rally is a bounce from depressed levels, and the sector is still well below its 52-week highs. That makes it important to separate the Accenture read-through from the sector’s own results and from the global AI selloff that pushed money out of AI hardware stocks.<\/p>\n

This guide covers the live snapshot of IT shares, the Accenture numbers, the Nifty IT run, what experts say, stock-wise views and the risks. It is educational and not a recommendation to buy or sell any share.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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