{"id":320450,"date":"2026-10-21T13:41:31","date_gmt":"2026-10-21T08:11:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=320450"},"modified":"2026-10-21T13:41:31","modified_gmt":"2026-10-21T08:11:31","slug":"infosys-tcs-to-hcl-tech-tectonic-rally-in-indian-it-stocks-but-experts-recommend-just-one-it-stock-to-buy-target-sl","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/infosys-tcs-to-hcl-tech-tectonic-rally-in-indian-it-stocks-but-experts-recommend-just-one-it-stock-to-buy-target-sl\/","title":{"rendered":"Infosys, TCS to HCL Tech: Tectonic Rally in Indian IT Stocks, but Is Buying Just One IT Stock the Smarter Call?"},"content":{"rendered":"

The rally in Indian IT stocks took the Nifty IT index to 32,307.25 at 1:34 PM IST on 21 Oct 2026, up 2.51% and about 13% above its 9 Oct close (my calculation), with Wipro up 3.74%, Infosys 3.11%, Tech Mahindra 2.94%, TCS 2.30% and HCLTech 2.15%. RSI readings of 88.4 for TCS, 78.8 for HCLTech and 71.7 for Infosys are in overbought territory. I could not find the single IT stock, target and stop loss named in the headline, so this article does not invent one.<\/em><\/p>\n

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

Indian IT stocks rallied on 21 Oct 2026, with the Nifty IT index up 2.51% at 32,307.25 by 1:34 PM IST and Wipro, Infosys, Tech Mahindra, TCS and HCLTech each gaining 2% to 4%. One market report credits optimism about an India-US trade deal, while Jefferies, as reported by Business Today, attributes the move to a PE rerating and not to earnings upgrades, so the cause is partly unconfirmed. Jefferies keeps a Hold on Infosys with a Rs 1,160 target and an Underperform on TCS with a Rs 2,125 target, and TCS trades about 18% above its target (my calculation). RSI readings above 70 for Infosys, TCS and HCLTech mean the sector is stretched in the short term, so picking just one stock depends on valuation, dividend yield and your own risk limit.<\/p>\n<\/p><\/div>\n

The Indian IT stocks opened strong and stayed strong while the broader market slid, with the Nifty IT index trading 2.5% higher at 1:34 PM IST as the Nifty 50 fell 0.7%. The sector has gained about 13% since the 9 Oct close of 28,574.90 (my calculation), which is why the move is being called tectonic.<\/p>\n

This guide to the Indian IT stocks rally covers the live snapshot, the two explanations on offer, how stretched the price is, Jefferies targets, valuation across five large caps and a checklist for choosing one stock. 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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