Technology sector stocks showed a mixed trend in early trade today, with select mid-cap IT firms witnessing strong buying momentum, while some large-cap stocks experienced profit booking.
Stock Performance (as of 10:25 AM):
- LTTS: ₹5,268.25, up ₹416.50 (+8.58%)
- Coforge: ₹8,948.25, up ₹364.90 (+4.25%)
- Mphasis: ₹2,852.95, up ₹73.20 (+2.63%)
- Tata Tech: ₹817.40, up ₹17.50 (+2.19%)
- Tata Elxsi: ₹6,222.00, up ₹106.25 (+1.74%)
- Persistent: ₹6,157.20, up ₹45.95 (+0.75%)
- TCS: ₹4,231.85, down ₹17.75 (-0.42%)
- Wipro: ₹290.60, down ₹2.05 (-0.70%)
- HCL Tech: ₹1,809.85, down ₹15.85 (-0.87%)
- OFSS: ₹10,119.55, down ₹430.80 (-4.08%)
Market Insights:
- Strong Performers:
- LTTS gained significantly (+8.58%) on the back of robust quarterly results and bullish brokerages.
- Coforge and Mphasis also showed strong buying momentum, indicating investor confidence in mid-cap IT stocks.
- Underperformers:
- OFSS declined sharply (-4.08%) as investors booked profits after a sustained rally.
- Wipro and HCL Tech also faced mild selling pressure amid broader consolidation in large-cap IT stocks.
- Sector Sentiment:
- While the IT sector remains under focus for its growth potential, profit booking in select large-cap stocks and optimism around mid-cap players is driving a mixed trend.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.
