Wipro Shows Strong Momentum, HCL Tech Gains, While TCS Looks Vulnerable: IT Stocks Compared
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Recent trends reveal a shift among India’s IT giants:
Wipro
Shares have consolidated between ₹235–275 over the past 78 days. Analyst Anshul Jain notes a breakout above ₹275 could spark fresh upward momentum, making it the most straightforward short-term buy among the three. Wipro also reported a strong Q1 performance—0.8 % revenue growth and an 11 % net-profit rise—prompting multiple broker upgrades and lifting its stock by up to 4 %.
HCL Tech
HCL recently closed a price gap near ₹1,600, with support in the ₹1,526‑1,482 zone likely to attract buyers. A rebound toward ₹1,650 is possible if reversal signals emerge. Q1 results showed solid revenue growth, while full-year guidance of 2–5 % in constant currency outpaced peers—sending shares up 8 % in April.
TCS
TCS is trading around a critical support level of ₹3,177. A breach below could trigger a slide toward ₹3,000, making it weak in the near term. Despite its margin strength and digital leadership, institutional selling and lackluster guidance weigh on sentiment.
| Stock | Momentum / Price Outlook | Fundamentals & Growth Driver | Analyst View |
|---|---|---|---|
| Wipro | Breakout above ₹275 could fuel rally | Strong Q1 deals worth $5 bn; revenue +0.8 %, profit +11 % (Reuters) | Best short-term opportunity |
| HCL Tech | Support zone ₹1,526–1,482; bounce to ₹1,650 possible (mint, Reuters) | FY26 revenue guidance 2–5%; solid Q1 growth (Reuters, financialexpress.com) | Tactical buy with risk |
| TCS | Weak, risk of breaking downward support (mint, The Economic Times) | Strong margins, margin leadership still intact (mint, financialexpress.com) | Avoid near term |
