Mohit Joshi, CEO and managing director of Tech Mahindra, has dismissed fears around Anthropic’s new AI tool, calling the sharp sell-off in IT stocks a market overreaction. He said artificial intelligence represents a technology shift that will ultimately act as a tailwind for IT services and software companies rather than replace them.
TechM Q3 results: Nomura India said TechM posted constant currency (CC) revenue growth of 1.7 per cent QoQ, ahead of its estimate of 1 per cent QoQ and the consensus estimate of 0.7 per cent.
An analyst from Arihant Capital said that YES Bank is making a higher top higher bottom formation on the daily charts and the stock has started outperforming the benchmark indices.
Revenue from operations during the quarter rose 8.34 per cent YoY to Rs 14,393.2 crore, up from Rs 13,285.6 crore in Q3 FY25.
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.
An analyst from Master Capital Services said that Tech Mahindra has confirmed a bullish breakout above its long-standing horizontal resistance, signaling a shift in market structure.
Brokerage firms JM Financial and Choice Institutional Equities see long-term potential, with target prices suggesting an upside of up to 20 per cent.
TechM Q2 results: PAT was marginally below expectations, while total contract value (TCV) rose 35 per cent year-on-year to $816 million — the highest in 14 quarters and the fourth consecutive quarter above $700 million
Systermatix Institutional Equities has shared its review for the June 2025 quarter earnings of the Indian IT companies and it has buy rating on only one out of six companies under its coverage.
Kotak reiterates its preference for Infosys, TechM, Coforge, and Hexaware as the sector seeks demand tailwinds. It said stock prices have corrected, making valuations less demanding.
Benchmark indices, the BSE Sensex and the NSE Nifty50, opened on a muted note on Friday, continuing their rangebound movement amid a lack of directional cues.





