The IT sector showed mixed trends in early trade on November 29, 2024, with notable gains in Persistent Systems and LTIMindtree, while KPIT Technologies declined.
Stock Highlights (as of 10:27 AM):
Persistent Systems:
The stock surged 1.55%, adding ₹90.35 to trade at ₹5,911.00, leading the gains in the IT sector.
LTIMindtree:
LTIMindtree advanced 1.27%, climbing ₹78.45 to trade at ₹6,238.20, supported by positive sentiment around mid-cap IT firms.
Wipro:
Wipro rose 1.16%, gaining ₹6.65 to trade at ₹578.85, continuing its recovery trend.
L&T Technology Services (LTTS):
LTTS added 0.95%, up ₹49.90 to trade at ₹5,299.55.
HCLTech:
The stock advanced 1.08%, up ₹19.95 to trade at ₹1,860.85.
Mphasis:
Mphasis climbed 0.84%, gaining ₹24.85 to trade at ₹2,982.45.
Oracle Financial Services Software (OFSS):
OFSS recorded a gain of 1.14%, adding ₹133.25 to trade at ₹11,791.35.
TCS:
TCS rose 0.68%, gaining ₹28.90 to trade at ₹4,273.80, showing stable momentum among large-cap IT stocks.
Infosys:
Infosys added 0.74%, rising ₹13.70 to trade at ₹1,870.35.
Tata Elxsi:
Tata Elxsi showed mild gains of 0.32%, up ₹3.00 to trade at ₹936.00.
KPIT Technologies:
KPIT Tech was among the biggest losers, declining 2.75%, down ₹38.75 to trade at ₹1,372.35.
Coforge:
The stock fell 0.36%, losing ₹31.05 to trade at ₹8,630.00.
The IT sector displayed resilience in certain mid and large-cap stocks, with Persistent Systems leading the charge, while some like KPIT Tech faced selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
