IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%

IT stocks today after TCS Q1 FY25 results: Shares of information technology (IT) companies rallied up to 6 per cent on the National Stock Exchange (NSE) in Friday’s intraday trade after industry giant Tata Consultancy Services (TCS) reported a decent set of numbers for the quarter ended June 2024 (Q1 FY25).

TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions were up in the range of 3 per cent to 6 per cent. Infosys, Wipro, LTI Mindtree, Coforge, Cyient, and L&T Technology Services, meanwhile, were trading higher between 1 per cent and 2.5 per cent. By comparison, the Nifty IT index was up 1.6 per cent and the Nifty50 index was up 0.41 per cent at 09:32 AM.