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.