IT stocks to watch in Q2: Why JM Financial is Overweight on Tech Mahindra over Wipro

India’s information technology (IT) companies are about to report their second quarter results (Q2FY27) Will the numbers cheer investors? JM Financial expects another soft quarter for the large companies and has tweaked their picks accordingly.

The Nifty IT Index has gained around 3% over the past three months and outperformed the Nifty by about 7%. As per the JM Financial report, this was driven partly by an in-line first quarter and easing concerns around disruption from artificial intelligence.