What’s Driving the Rise in IT Stocks on Monday, April 21, 2025?

The Indian IT sector witnessed a surprising rally on Monday, April 21, with the Nifty IT index jumping over 3%, despite several challenges. This uptick came even as some major companies reported mixed quarterly results and the US Dollar showed signs of weakness, a trend that typically impacts export-oriented businesses like IT.

Infosys Turns Positive Despite Slow Growth Outlook

Infosys recently shared its growth forecast for the next financial year, which was between 0% and 3%. This was seen as cautious by the market. However, despite the slow growth outlook, the Infosys share price rose by 2.5%, reaching ₹1,456.60 by 2:23 PM on April 21, 2025.

Read More:Infosys Share Price Rises 2.29%; Reports 4.2% Revenue Growth in FY25; Declared ₹22 Dividend

Midcap IT Stocks Gain Big

Tata Elxsi share price surged nearly 9% to ₹5,329.00 by 2:30 PM on April 21, 2025, despite weaker-than-expected earnings in the March quarter. Its revenue and profit dropped for the third time in a row. Companies like Mphasis, Oracle Financial Services, and LTIMindtree also saw gains as the market turned more positive about the sector.

Focus on Upcoming Results

Larger companies like HCLTech, Tech Mahindra, and Persistent Systems are expected to announce their results later this week. Many investors are watching closely to see how these companies perform and what they say about future growth.

As of April 11, 2025, at 2:41 PM, Coforge share price rose over 4% to ₹6,916.00. This came after a large investment deal in the company last week, which improved market sentiment.

Read More:When Will IT Companies Announce Q4 FY25 Results?

What’s Next for IT Stocks?

As of 2:26 PM on Monday, April 21, 2025, the Nifty IT index was trading at around 34,182, up over 800 points. Although global challenges remain, many investors believe that most of the bad news is already reflected in stock prices.

IT stocks had fallen 25% to 40% from their earlier highs. Now, with a more positive outlook and hopes of better results ahead, the sector is getting fresh attention from investors.

The coming days will be important as more companies share their earnings and business plans. Investors will be looking for signs of a stronger second half of the year for India’s IT industry.

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