← Back to feedRead original →
VERIFIEDET Stocks·positive
IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?
AI Summary
- ·Indian IT stocks rallied for a second consecutive day, with TCS, Infosys, and Coforge seeing gains up to 5%.
- ·The surge is attributed to strong Q1 earnings, optimism surrounding AI-driven demand, and improved investor sentiment.
- ·Jefferies shifted its stance to neutral on the IT sector, noting positive Foreign Portfolio Investor feedback and potential tactical upside.