HCL Tech share price: With valuations at 21 times FY27 PE, at slight premium to TCS and Infosys, Nuvama sees limited upside potential from current levels.
Nuvama said TCS’s investments in Gen AI, including acquisitions, are helping the company build future capabilities, even as Gen AI revenues continue to accelerate.
Infosys ADRs were trading 0.79 per cent lower at $17.69 in the pre-market. Wipro ADRs stood at $2.88, up 0.35 per cent on NYSE.
TCS Q3 results: Nomura India expects flattish profit at Rs 12,298 crore on 3.7 per cent YoY rise in sales at Rs 66,326 crore. In dollar terms, revenue is seen falling 1.1 per cent YoY to $7,452 million.
TCS Q3 earnings preview: Axis Securities expects TCS to report 2.6 per cent QoQ topline growth, driven by growth in BFSI, Hi-tech, and cross-currency tailwinds.
An analyst from Arihant Capital said that HCL Technologies has taken support at the 50-days SMA (Rs 1,613) on the daily charts and has given a positive close above it.
Bharti Airtel, the Bharti Group star, secured the second spot, adding Rs 3.5 lakh crore to investor wealth, primarily led by a 36% contribution from its telecom business.
MOFSL said AI services demand could begin to improve from mid-2026 as hardware-led AI capex intensity moderates. The March-April 2026 budget reset period may serve as an initial indicators, it said.
TCS announced plans to build a sovereign AI data centre with up to 1 GW capacity, involving an estimated investment of $6-7 billion over 5-7 years.
Nomura India retained its 'Neutral' rating on the stock with an unchanged target of Rs 3,300. It called Infosys as its preferred large-cap pick in the Indian IT space.
Trent has dropped 42.51 per cent from the Rs 7,116.15 level it traded at the end of 2024. The stock contributed Rs 1,07,542 crore negatively to the Tata group m-cap.





