TCS, Wipro, other IT stocks will be in focus on Friday: Here are 3 important triggers to watch
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓TCS, Wipro, and other IT stocks will be in focus on Friday due to second-quarter earnings and a US certification programme suspension.
- ✓TCS reported a 15% profit growth, but the US Labor Department stopped processing new applications for major firms.
- ✓Meanwhile, OpenAI missed its revenue run rate forecast for September.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
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Shares of information technology companies such as TCS, Infosys, HCLTech, Wipro, and other IT stocks will be in focus on Friday due to a confluence of factors ranging from second-quarter earnings to the US suspending a certification programme.
The developments come at a time when market sentiment has been significantly hampered by soaring oil prices, an interest rate hike cycle, rising yields, and a sharp FII selloff.
Here are key reasons for IT stocks to be in focus
1.) TCS Q2 results: India’s largest IT services company reported a 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter. The same stood at Rs 12,075 crore a year ago. The board has declared a second interim dividend of Rs 12 per share for the financial year 2026-27.
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The Economic Times
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