# HDFC Securities Picks IT Stocks for Over 32% Returns

> HDFC Securities targets 32% returns on IT stocks ahead of Q2 results.
- Title: HDFC Securities Picks IT Stocks for Over 32% Returns · mint
- Summary: HDFC Securities targets 32% returns on IT stocks ahead of Q2 results. HDFC Securities recommends IT stocks like Mphasis with 32% upside potential before Q2…
- Keywords: hdfc securities, mphasis, tcs, infosys, wipro, tech mahindra, l&t technology services, cyient, zen, birlasoft, q2 results fy27, it stocks
- Source: mint — https://livemint.com/market/stock-market-news/ltm-cyient-zen-birlasoft-share-price-target-stop-loss-it-stocks-to-buy-for-over-32-returns-ahead-of-q2-results-11791111110434.html
- Author: Vaamanaa Sethi
- Published: 2026-10-04T11:36:21+00:00
- Read time: 1 min
- Topics: hdfc securities, mphasis, tcs, infosys, wipro, tech mahindra, l&t technology services, cyient, zen, birlasoft, q2 results fy27, it stocks
## HDFC Securities Targets IT Stocks
HDFC Securities has listed Indian IT stocks to buy ahead of Q2 earnings season FY27.
## Mphasis Offers 32% Upside
Mphasis has a target price of ₹ 2,840, offering 32% upside from current levels.
## TCS Targeted at ₹2,470
TCS has a new target price of ₹ 2,470, implying 20% upside with an 'ADD' rating.
## Infosys Targeted at ₹1,250
Infosys has a target price of ₹ 1,250, offering 26% upside with a 'BUY' rating.
## L&T Technology Services Targeted
L&T Technology Services has a revised target of ₹ 5,270, implying 30% upside with a 'BUY' rating.
## IT Sector Weak Growth Forecast
Indian IT sector expected to report weak growth in Q2 FY27 despite usual strong quarter.
## Q2 Results Impact
The sector's recovery depends on Q3 performance after weak first half of FY27.
## Key takeaway

HDFC Securities recommends IT stocks like Mphasis with 32% upside potential before Q2 earnings.