# IT Stocks Picks After Accenture Q4 Beat

> Choice Broking recommends TCS, Tech Mahindra, Coforge, and Mphasis for Indian IT investors ahead of Q2 earnings.
- Title: IT Stocks Picks After Accenture Q4 Beat · mint | Shortify
- Summary: Choice Broking recommends TCS, Tech Mahindra, Coforge, and Mphasis for Indian IT investors ahead of Q2 earnings. Choice Broking identifies TCS and Tech…
- Keywords: tcs, tech mahindra, coforge, mphasis, accenture, q2 earnings, it stocks, investment ideas, choice broking, fy27, money, business
- Source: mint — https://livemint.com/market/stock-market-news/tcs-tech-mahindra-coforge-mphasis-it-stocks-picks-and-investment-ideas-after-accenture-results-ahead-of-q2-earnings-11791106363192.html
- Author: Vaamanaa Sethi
- Published: 2026-10-04T10:37:16+00:00
- Read time: 1 min
- Topics: tcs, tech mahindra, coforge, mphasis, accenture, q2 earnings, it stocks, investment ideas, choice broking, fy27, money, business
## IT Stock Picks
Brokerage firm Choice Broking identified TCS and Tech Mahindra as preferred tier-1 IT stocks and Coforge, Mphasis as top mid-cap investment ideas.

> We, therefore, forecast FY27 to remain another subdued growth year for Indian IT, with AI-led productivity pass-throughs, pricing pressure and continued softness in discretionary spending projected to constrain reported growth. Within Tier1, we prefer TCS, TECHM and, among mid-caps, we have COFORGE and MPHASIS as our preferred investment ideas
## Accenture Q4 Results
Accenture reported $18.7 billion fourth-quarter revenue, a 6% year-on-year increase in US dollar terms and 7% in local currency.
## TCS Performance
TCS shares gained 0.44% over five sessions but declined 9.90% in one month and 16% over six months.
## Tech Mahindra Performance
Tech Mahindra shares gained 0.90% in Thursday's session but declined 3.69% over the past month.
## Coforge Performance
Coforge shares gained 2.35% over the past week but declined 7.11% over the last month.
## Mphasis Performance
Mphasis shares declined 9.27% in the past month and are down 20.45% year-to-date.
## Accenture Outlook
Accenture expects 3-6% revenue growth in local currency for fiscal 2027 despite geopolitical and macroeconomic uncertainties.
## Key takeaway

Choice Broking identifies TCS and Tech Mahindra as top tier-1 IT stocks and Coforge, Mphasis as mid-cap picks for investors following Accenture's strong Q4 results.