{"id":326809,"date":"2026-10-26T15:36:04","date_gmt":"2026-10-26T10:06:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326809"},"modified":"2026-10-26T15:36:04","modified_gmt":"2026-10-26T10:06:04","slug":"top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/","title":{"rendered":"Top IT Stocks to Buy After Q2 Results: TCS vs Infosys vs Wipro vs HCL Tech vs Tech Mahindra, What Market Experts Recommend"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The top IT stocks to buy after Q2 results are being debated after all five large caps reported, with TCS at Rs 2,527.80, HCLTech at Rs 1,416, Tech Mahindra at Rs 1,795, Infosys at Rs 1,166 and Wipro at Rs 189.20 around 3:24 PM on Monday, 26 Oct 2026. Gaurav Garg, Head of Research at Lemon, said that investors should prioritise HCLTech and TCS for further evaluation and consider Tech Mahindra only if they are comfortable with higher execution risks. All five have a 14-day RSI above 70, which means that the sector is overbought after a sharp rally.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The top IT stocks to buy after Q2 results depend on what you value, because TCS leads on bookings and cash flow, HCLTech on profit growth and guidance, Tech Mahindra on constant-currency growth and margin recovery, Infosys on valuation, and Wipro on dividend yield but not on momentum. Constant-currency revenue growth was only 0.6% to 7.2% against rupee growth of 9% to 16%, so the headline numbers are lifted by a weaker rupee (my calculation). Because all five IT stocks are overbought and many post-result targets sit below the current prices, this comparison is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>The IT stocks to buy after Q2 results were not obvious on 26 Oct, because the sector had already risen 20% to 40% from its 52-week lows and the results were mixed. TCS rose about 22% from its 8 Oct close of Rs 2,076 and HCLTech, Tech Mahindra and Wipro each jumped between 4.7% and 7% on their result days, while Infosys fell as much as 4% at the open on Monday after cutting its FY27 guidance and then recovered.<\/p>\n<p>This article compares the five companies, from TCS vs Infosys vs Wipro to HCLTech and Tech Mahindra, on the numbers that matter: growth, margins, deal wins, guidance, valuation, brokerage targets and technical levels. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Top_IT_Stocks_to_Buy_After_Q2_Results_Prices_and_Distance_from_Highs\" title=\"Top IT Stocks to Buy After Q2 Results: Prices and Distance from Highs\">Top IT Stocks to Buy After Q2 Results: Prices and Distance from Highs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Q2_FY27_Scorecard_How_the_Five_IT_Stocks_Reported\" title=\"Q2 FY27 Scorecard: How the Five IT Stocks Reported\">Q2 FY27 Scorecard: How the Five IT Stocks Reported<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Rupee_Tailwind_for_IT_Stocks_Why_Rupee_Growth_Looks_Better_Than_Dollar_Growth\" title=\"Rupee Tailwind for IT Stocks: Why Rupee Growth Looks Better Than Dollar Growth\">Rupee Tailwind for IT Stocks: Why Rupee Growth Looks Better Than Dollar Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#How_the_IT_Stocks_Reacted_After_Q2_Results\" title=\"How the IT Stocks Reacted After Q2 Results\">How the IT Stocks Reacted After Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Valuation_of_the_Top_IT_Stocks_Today\" title=\"Valuation of the Top IT Stocks Today\">Valuation of the Top IT Stocks Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#What_Market_Experts_Recommend_on_the_Top_IT_Stocks\" title=\"What Market Experts Recommend on the Top IT Stocks\">What Market Experts Recommend on the Top IT Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Brokerage_Targets_for_the_IT_Stocks_Before_and_After_Results\" title=\"Brokerage Targets for the IT Stocks, Before and After Results\">Brokerage Targets for the IT Stocks, Before and After Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs-tech-mahindra-what-market-experts-recommend\/#Technical_Levels_All_Five_IT_Stocks_Are_Overbought\" title=\"Technical Levels: All Five IT Stocks Are Overbought\">Technical Levels: All Five IT Stocks Are Overbought<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_IT_Stocks_to_Buy_After_Q2_Results_Prices_and_Distance_from_Highs\"><\/span><strong>Top IT Stocks to Buy After Q2 Results: Prices and Distance from Highs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks to buy: company (NSE, about 3:24 PM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Last price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Day change<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">52-week high<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">52-week low<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Vs high<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Vs low<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,527.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.09%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,350.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,976.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.5% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.9% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,166.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 1.06%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,728.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 980.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">32.5% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18.9% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 189.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.34%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 273.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 156.79<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30.7% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.7% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,416.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 0.44%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,780.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,030.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20.5% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">37.5% above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,795.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.28%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,854.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,304.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.2% below<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">37.6% above<\/td>\n<\/tr>\n<\/table>\n<p>The last two columns are my calculation. Tech Mahindra is the only one of the five IT stocks within 5% of its 52-week high, while Infosys and Wipro are still about 30% below theirs. That spread matters, because the IT stocks that have recovered most have less room before they test old resistance.<\/p>\n<p>Moves on the day were small, which suggests that the IT stocks are pausing after a strong run. I could not retrieve a reliable live reading for the Nifty IT index, so this comparison uses the five stocks directly. The IT stocks with the heaviest volume today were Infosys at about 2.55 crore shares and Wipro at about 1.10 crore shares on NSE.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare IT stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Scorecard_How_the_Five_IT_Stocks_Reported\"><\/span><strong>Q2 FY27 Scorecard: How the Five IT Stocks Reported<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Company (Q2 FY27)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Net profit<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Margin<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Deal wins (TCV or bookings)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Dividend<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 73,188 crore, up 11.2% year on year and 1.3% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 13,884 crore, up 4% on the quarter as reported<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating margin 24.0%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$9.6 billion<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 12; paid 30 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 49,244 crore, up 10.7%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 7,823 crore, up 6.2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$5.2 billion, 62% net new<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 24,752.7 crore, up 9.1% year on year and 1.1% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,200.6 crore, down 1.4% year on year and 4.5% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IT services operating margin 16.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bookings $2.595 billion, large deals $674 million<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 35,620 crore, up 11.5% year on year and 3.0% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 5,132 crore, up 21.2% year on year and 11.0% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBIT margin 18.2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$3.258 billion, up 27%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 12; paid 26 Oct<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,180 crore, up 15.6% year on year and 3.0% on the quarter<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,586 crore, up 32.7% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBIT margin 14.8%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$1.023 billion, up 25.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 15 and a recommended 1:1 bonus<\/td>\n<\/tr>\n<\/table>\n<p>Sources differ on a few points for these IT stocks, and I have used the company or the most detailed report each time. TCS profit rose about 4% on the reported Q1 figure of Rs 13,349 crore but only about 0.25% against Q1 excluding a legal settlement loss of Rs 13,849 crore, so the underlying profit growth was flat. One report puts Wipro&#8217;s profit decline at 1.9% and the Infosys profit figure is Rs 7,823 crore in one report and Rs 7,828 crore in another.<\/p>\n<p>Among the IT stocks, in the TCS vs Infosys vs Wipro comparison, Wipro stands out for the wrong reason. Its large deal bookings fell 58.6% from the previous quarter to $674 million, and its Q3 guidance of $2,571 million to $2,625 million implies a change of minus 1.5% to plus 0.5% in constant currency. HCLTech and Tech Mahindra, in contrast, reported double-digit profit or EBIT growth and higher deal wins. Attrition also differs, at 11.7% for Tech Mahindra, 12.8% for HCLTech, 13.3% for TCS and 13.8% for Wipro on a trailing 12-month basis, which affects delivery cost.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rupee_Tailwind_for_IT_Stocks_Why_Rupee_Growth_Looks_Better_Than_Dollar_Growth\"><\/span><strong>Rupee Tailwind for IT Stocks: Why Rupee Growth Looks Better Than Dollar Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks: company<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue growth in rupees<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Revenue growth in dollars<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Constant-currency growth<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Implied currency lift (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">11.2% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.4% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.8% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 8.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">11.5% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.2% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.6% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 9.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.6% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">6.8% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7.2% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 8.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro (IT services)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.3% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.6% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not available<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10.7% year on year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not retrieved<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 guidance 1% to 2%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not available<\/td>\n<\/tr>\n<\/table>\n<p>This is the most important check before you pick among the top IT stocks. Rupee revenue grew 9% to 16% year on year, but dollar revenue grew only 0.3% to 6.8%, and the gap of roughly 8% to 9% is the rupee&#8217;s fall against the dollar (my calculation, from the ratio of the two growth rates). Rupee strength or weakness is outside company control, so the underlying demand signal is the constant-currency number.<\/p>\n<p>On that measure Tech Mahindra&#8217;s 7.2% is clearly ahead, TCS and HCLTech are near 2.6% to 2.8%, and Wipro is near 0.6%. Infosys has guided for 1% to 2% for the full year, after cutting its range from 1.5% to 3%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_the_IT_Stocks_Reacted_After_Q2_Results\"><\/span><strong>How the IT Stocks Reacted After Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks to buy: company<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Result date and reaction<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9 Oct 2026, up 5.46% intraday<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,187.60 at 11:17 AM against a previous close of Rs 2,076; a reported 5.46% differs slightly from 5.38% by my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Results 12 Oct; up about 4.7% on 13 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Guidance raised, and TCS rose 4.5% on the same day<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Results after hours on 15 Oct; early gain of over 6% on 16 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The reports differ, with one citing a 2% gain; price touched Rs 177.53<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up nearly 7% on 16 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin expansion and deal wins above $1 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 Oct results; opened about 3.4% lower on 26 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low of Rs 1,107 and recovery to Rs 1,166, after the FY27 guidance cut<\/td>\n<\/tr>\n<\/table>\n<p>The market rewarded growth and margin in the IT stocks and punished guidance. TCS, HCLTech and Tech Mahindra rose on better-than-feared numbers, Wipro rose despite weak bookings because its margin improved, and Infosys opened sharply lower on the guidance cut before buyers returned. Since those result-day moves, TCS has risen about 22% from the 8 Oct close (my calculation), so a late entrant is paying a much higher price than the one who bought before the numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_Top_IT_Stocks_Today\"><\/span><strong>Valuation of the Top IT Stocks Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks to buy: company<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trailing P\/E (at current price, my calculation)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Return on equity<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Dividend yield<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Debt to equity<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Market cap at Friday&#8217;s close<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.6<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">43.37%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.35%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 9,14,653 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.6<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">31.03%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.15%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.09<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,68,528 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16.68%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">6.14%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.28<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,87,956 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.0<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.08%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.79%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.08<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,86,426 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">31.6<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">18.62%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.85%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.07<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,75,398 crore<\/td>\n<\/tr>\n<\/table>\n<p>In the TCS vs Infosys vs Wipro comparison on valuation, the data provider shows an industry price to earnings of 17.55. Infosys and Wipro carry the lowest valuations among the IT stocks on trailing earnings, HCLTech sits at a premium of about 20%, and Tech Mahindra at about 80% (my calculation). A high multiple means that the market is already paying for the margin recovery, so a miss would hit Tech Mahindra harder than a cheaper stock.<\/p>\n<p>Among the IT stocks, TCS combines the highest return on equity at 43.37% with a dividend yield of 4.35%, which is why value-minded experts tend to like it. Wipro offers the highest dividend yield at 6.14%, but with a return on equity of 16.68% and weak bookings, the yield alone does not make it a growth choice. The yields on these IT stocks are trailing figures and may not repeat.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to compare the top IT stocks and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Market_Experts_Recommend_on_the_Top_IT_Stocks\"><\/span><strong>What Market Experts Recommend on the Top IT Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Expert or brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View on IT stocks to buy<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Timing<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gaurav Garg, Head of Research, Lemon<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Prioritise HCLTech and TCS for further evaluation; consider Tech Mahindra only with comfort for higher execution risk<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">After Q2 results, as per the source subhead<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IDBI Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Prefers HCLTech for operating momentum and TCS for valuation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7 Oct, before results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PL Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expects Tier-II IT companies to do better than larger peers, and a weaker rupee to help margins<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7 Oct, before results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kotak Institutional Equities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Demand has improved only slightly; absence of major AI-led pricing pressure is a positive<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7 Oct, before results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Citi<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised earnings forecast but kept a Sell on HCLTech, citing a steep premium to TCS and Infosys<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">After HCLTech results<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upgraded HCLTech and Tech Mahindra to Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">After results<\/td>\n<\/tr>\n<\/table>\n<p>The only full-text expert view tied to the headline is the one in the source subhead from Gaurav Garg, and I could not retrieve the rest of that article, so I do not add reasoning to it. It reads as a ranking of HCLTech and TCS ahead of Tech Mahindra for further evaluation, and not as a call to buy at today&#8217;s prices. Please read the original and check the latest research before you act on any pick.<\/p>\n<p>The brokerages differ more on the IT stocks than the headline suggests. IDBI&#8217;s preference for HCLTech and TCS matches Lemon&#8217;s, while Citi&#8217;s Sell on HCLTech takes the opposite view on valuation, and Jefferies moved up to Hold on both HCLTech and Tech Mahindra and not to Buy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Targets_for_the_IT_Stocks_Before_and_After_Results\"><\/span><strong>Brokerage Targets for the IT Stocks, Before and After Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks target (7 Oct, before results)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">PL Capital<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IDBI Capital<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Kotak Institutional<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">YES Securities<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Average vs last price (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">TCS (Rs 2,527.80)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 2,580<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 3,137<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Add, Rs 2,450<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 2,873<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,760, up 9.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys (Rs 1,166)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,300<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 1,137<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Add, Rs 1,200<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,445<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,270, up 9.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech (Rs 1,416)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 1,230<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 1,380<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reduce, Rs 1,200<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 1,367<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,294, down 8.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro (Rs 189.20)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 154<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold, Rs 196<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell, Rs 150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 194<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 174, down 8.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra (Rs 1,795)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,900<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,764<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,750<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy, Rs 1,960<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,844, up 2.7%<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks target (after Q2 results)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Vs last price (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech: Nomura (13 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,330 (from Rs 1,310)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 6.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech: Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold (upgraded)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 18.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech: CLSA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,094<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 22.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HCLTech: JPMorgan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underweight<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,080<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 23.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wipro: Nomura (16 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 200<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra: HSBC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,800<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 0.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra: Nomura<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,650<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 8.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra: Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold (upgraded)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,540 (from Rs 1,260)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 14.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tech Mahindra: CLSA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,494<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 16.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys: highest, Asit C Mehta<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,425<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 22.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys: UBS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,415<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 21.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys: Nomura, Motilal Oswal, Emkay<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,300<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Infosys: lowest, Nirmal Bang<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 902<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 22.6%<\/td>\n<\/tr>\n<\/table>\n<p>Most of the post-results targets for IT stocks such as HCLTech and Tech Mahindra are below the current prices, which tells you that the rally has run ahead of the research, and the 7 Oct table is stale because the stocks have since moved. For Infosys, 13 targets I found earlier today had a median of Rs 1,115 and an average of about Rs 1,172, close to the current price of Rs 1,166. I could not find post-results targets for TCS, so I do not give one.<\/p>\n<p>Targets for IT stocks are opinions and not forecasts, and brokerages revise them often. The table is a snapshot, and you should check the latest report before you rely on any figure.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Levels_All_Five_IT_Stocks_Are_Overbought\"><\/span><strong>Technical Levels: All Five IT Stocks Are Overbought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">IT stocks: indicator (daily)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">TCS<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Infosys<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Wipro<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">HCLTech<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Tech Mahindra<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">84.3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">73.8<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">81.0<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">87.8<\/td>\n<td style=\"padding:8px;border:1px sol\n\n\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the top IT stocks to buy after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no single answer, because TCS leads on bookings and cash flow, HCLTech on profit growth and guidance, Tech Mahindra on constant-currency growth, and Infosys on valuation. Gaurav Garg of Lemon said that investors should prioritise HCLTech and TCS for further evaluation and consider Tech Mahindra only with comfort for higher execution risk. This is educational and not a recommendation.\"}},{\"@type\":\"Question\",\"name\":\"How did TCS, Infosys, Wipro, HCLTech and Tech Mahindra perform in Q2 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"TCS reported revenue of Rs 73,188 crore and profit of Rs 13,884 crore, Infosys revenue of Rs 49,244 crore, Wipro revenue of Rs 24,752.7 crore and profit of Rs 3,200.6 crore, HCLTech revenue of Rs 35,620 crore and profit of Rs 5,132 crore, and Tech Mahindra revenue of Rs 16,180 crore and profit of Rs 1,586 crore. Wipro was the only one with a year-on-year profit decline.\"}},{\"@type\":\"Question\",\"name\":\"Is the growth in IT stocks real or just the rupee?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Rupee revenue grew 9% to 16% year on year, but dollar revenue grew 0.3% to 6.8% and constant-currency growth was 0.6% to 7.2%. The gap of about 8% to 9% reflects the weaker rupee (my calculation). The constant-currency figure is the cleaner demand signal.\"}},{\"@type\":\"Question\",\"name\":\"What are the brokerage targets for the top IT stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"After results, Nomura has Buy on HCLTech with a target of Rs 1,330 and Buy on Wipro with Rs 200, and HSBC has Buy on Tech Mahindra with Rs 1,800. Infosys targets range from Rs 902 to Rs 1,425, and I could not find post-results targets for TCS. Most targets for HCLTech and Tech Mahindra are below today's prices.\"}},{\"@type\":\"Question\",\"name\":\"Are IT stocks overbought now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, on the daily chart the 14-day RSI is 84.3 for TCS, 73.8 for Infosys, 81.0 for Wipro, 87.8 for HCLTech and 73.9 for Tech Mahindra, all above the usual mark of 70. Each price is 6% to 9% above its 20-day average. Overbought readings can persist, so these are not forecasts.\"}},{\"@type\":\"Question\",\"name\":\"Which IT stock has the lowest valuation?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On trailing earnings at current prices, Wipro is near 14.2 times, Infosys near 15.6, TCS near 17.6, HCLTech near 21.0 and Tech Mahindra near 31.6 (my calculation), against an industry level of 17.55. Valuation is only one measure, and the lower-valued IT stocks also have weaker guidance or bookings.\"}},{\"@type\":\"Question\",\"name\":\"Is this top IT stocks article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational. Prices, results, targets and ratios come from company releases, news reports and data providers and may change. Please check the facts and your own risk profile before you buy or invest.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top IT stocks to buy after Q2 results: compare TCS, Infosys, Wipro, HCLTech and Tech Mahindra on growth, deals, valuation, targets and levels.<\/p>\n","protected":false},"author":35,"featured_media":326808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[16078,16076,3561,16077,16075,8184,6433,617,16074,242],"class_list":["post-326809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-best-it-stock","tag-hcltech-share","tag-infosys-share-price","tag-it-sector-outlook","tag-it-stocks-after-q2-results","tag-it-stocks-to-buy","tag-tcs-vs-infosys-vs-wipro","tag-tech-mahindra-share","tag-top-it-stocks","tag-wipro-share-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326808"],"rank_math_title":["Top IT Stocks to Buy After Q2 Results: TCS vs Infosys vs HCL"],"rank_math_description":["Top IT stocks to buy after Q2 results: compare TCS, Infosys, Wipro, HCLTech and Tech Mahindra on growth, deals, valuation, targets and levels before you decide."],"rank_math_focus_keyword":["IT stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/top-it-stocks-to-buy-after-q2-results-tcs-vs-infosys-vs-wipro-vs-hcl-tech-vs.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=326809"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326809\/revisions"}],"predecessor-version":[{"id":326810,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326809\/revisions\/326810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/326808"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=326809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=326809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=326809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}