Tech Mahindra

IT stocks gained on July 3, propelled by positive global tech trends and reduced fears of an interest rate hike. The Nifty IT index surged nearly 3%, recovering from recent declines, though it remains the worst-performing sector this year, down 30% in H1CY26.

Pininfarina was meant to diversify Tech Mahindra into high-end engineering and design, but a decade after the acquisition, it has become a financial burden.

The Nifty IT Index decreased by 2% on June 8, primarily due to significant losses in major stocks, particularly Wipro. Conversely, Tech Mahindra and a few others showed gains, helping to soften the index's drop.

Shares to buy or sell: Chandan Taparia has recommended three stocks to buy today, 2 June 2026 - Tech Mahindra, NBCC (India) and National Aluminium Company shares.

The Gift Nifty Live Chart shows a negative start for the Indian stock market today. By 7:30 AM, the Gift Nifty was trading around the 23,243 level, a discount of 219 points from the Nifty futures’ previous close of 23,462. Stocks like Saregama India and Tech Mahindra are recommended for purchase.

The Nifty IT index gained almost 1% to rise to the day's high of ₹ 29,177.80 apiece, with all index constituents in the green. The IT pack rose 4.31% last week, though it remains flat with a negative bias for the month so far.

Coforge, Tech Mahindra, and other tech stocks rallied on May 18, with the NIFTY IT index rising 2.4%. Analysts attribute this to currency weakness and export earnings, despite concerns over AI disruption and mixed earnings guidance from major firms, leading to a decline of 25.3% in 2026.

Over the last two weeks, bosses of Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd have all pointed to AI squeezing revenues, and addressed concerns around higher productivity benefits.