Nifty IT index climbs; Coforge jumps 10% alongside gains in TCS and Mphasis
The Nifty IT index saw a broad rally with all 10 stocks closing in the green. Coforge led the charge, climbing more than 10% following its solid Q1 FY27 performance and a strong order pipeline. Meanwhile, TCS and Mphasis also saw their share prices rise, buoyed by optimistic business projections. Investor confidence in the sector was bolstered by clearer earnings prospects and minimal exposure to the costs associated with AI infrastructure.
by shortkt.com✓