Wipro, Infosys, TCS, HCL Tech: IT Shares Fall Up To 5.6% Amid Weak Q4 Earnings – News18
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IT Stocks Today: Wipro on Wednesday posted a weak forecast for the June 2025 quarter, adding to concerns over weak demand flagged earlier by rival TCS.
The IT sector has been facing significant headwinds due to the ongoing trade war and a likely US recession.
Tech companies extended their losses on Thursday a day after IT major Wipro posted weak financial earnings along with subdued Q1 FY26 growth outlook amid weak global economic conditions. Shares of Wipro on Thursday declined by 5.6 per cent, TCS fell 1.2 per cent, Infosys dropped 1.6 per cent, HCL Tech was down by 2.7 per cent, and Tech Mahindra plummeted by 1.08 per cent.
IT companies have so far posted weak financial earnings for Q4 FY25, with India’s biggest IT company TCS reporting a 1.7 per cent decline in its net profit at Rs 12,224 crore. Wipro on Wednesday posted a weak forecast for the June 2025 quarter, adding to concerns over weak demand flagged earlier by rival TCS.
Infosys is set to declare its financial earnings on Thursday during post market hours.
Wipro, India’s fourth biggest IT exporter, on Wednesday forecast revenue in the first quarter to fall between 1.5% and 3.5% sequentially, with Chief Executive Officer Srini Pallia saying “uncertainties have dramatically increased” heading into the new fiscal year.
The disappointing Q4 results come amid significant headwinds for the IT sector due to the ongoing trade war and a likely US recession.
At least 20 analysts have cut their target price on Wipro’s stock, according to data compiled by LSEG.
“Wipro’s outlook was weaker than what the market anticipated,” said BOB Capital Markets said in a note, adding that a weak start for fiscal 2026 was “probably a harbinger for a third successive year of negative revenue growth”.
(With Inputs From Agencies)
