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Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?

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Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?
Shares of IT companies including Infosys, Tech Mahindra, Coforge and others rebounded on Monday, after the stocks hit fresh record lows on Friday when Accenture’s guidance cut spooked investors.

The Nifty IT index gained 1.3% to 27,785 on Monday, as seen at 10:10 am. Coforge, OFSS, Tech Mahindra and Persistent Systems shares gained 2-3%, while those of Infosys, LTI Mindtree, HCL Tech, Mphasis, Wipro and Tata Consultancy Services (TCS) rose around 1% each.

This comes a session after the sectoral index plunged to 26,634.50 on Friday, the lowest level seen by the sectoral index since April 2023. Accenture last week revised its FY26 revenue growth guidance to 3-4%, compared with its earlier outlook of 3-5%. The company also projected fourth-quarter revenue of $17.75-18.4 billion, falling below Street expectations of $18.47 billion, according to LSEG data.

Accenture’s softer outlook retriggered worries that enterprises remain cautious on discretionary spending related to IT consulting and digital transformation projects, even as investments in artificial intelligence and cybersecurity continue. Indian IT companies derive a major portion of their revenue from the US economy. Hence, worries around reduced discretionary spending may have led to the sharp sell-off in the stocks on Dalal Street on Friday.

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Also read: Why Accenture’s warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocks

Analysts highlight attractive IT valuations

However, analysts were quick to point out attractive valuations. Buying in IT stocks can emerge at lower levels since valuations are becoming attractive after the sharp correction, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.


Nuvama in its note also said that the stock price reaction on Friday appeared highly exaggerated, although Accenture’s guidance cut and soft bookings are slightly negative for Indian IT. “We continue to maintain that Gen AI will eventually lead to expansion of TAM for Indian IT companies. Additionally, post the recent sharp correction, sector valuations have become highly attractive,” it added.
Also read: Down 30% in 1 year, are AI-hit Infy, TCS still value stocks?

Technical view on Nifty IT

Pabitro Mukherjee, Deputy Vice President of Technical Research at Bajaj Broking, warned that volatility in IT stocks is likely to be high in the coming sessions ahead of the quarterly results season. Price-wise, there is still no sign of reversal of the corrective trend; hence he suggested avoiding the sector at current levels. “Let the price stabilise and only a formation of higher high and higher low on the weekly chart and a move above the 50-day EMA, currently placed around 29,325, will be the initial sign of trend reversal,” he said.Mukherjee expects the Nifty IT index to find immediate key support at 26,180 levels, being the identical lows of CY22 and CY23.

“The index continues to trade below its key short- and long-term moving averages, while the RSI has slipped below 40, indicating bearish momentum. Additionally, DI- has crossed above DI+ on the ADX indicator, reflecting growing seller dominance. The 27,050–27,000 zone remains a crucial support zone. Any sustainable move below this zone can lead the index to extend its weakness further on the downside. The resistance is placed in the 28,250–28,300 zone,” said Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities.

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Also read: Sudeep Shah picks 8 stocks, outlines Infosys, IFCI strategy

(With inputs from agencies)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Pandora Down Today? Users Report Playback, Login and App Issues as Complaints Spike Across the Country

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FTSE 100 Surges 0.8% Today as Oil Eases and Markets

Some Pandora users across the United States reported difficulty accessing the music streaming service Thursday, after outage tracking platform Downdetector recorded a noticeable rise in user complaints throughout the day.

Listeners described a range of problems, including playback interruptions during streaming, trouble loading the Pandora app, and login failures when attempting to sign into their accounts. The reports prompted many users to turn to social media and outage-tracking sites to ask whether Pandora was experiencing a broader, platform-wide service disruption.

As of Thursday afternoon, Pandora had not issued an official confirmation of a widespread outage affecting the service, despite the increase in user-submitted reports on Downdetector. The company has not released a statement identifying a specific cause for the issues some users experienced, and the scope of the disruption, whether it affected a small subset of users or a larger portion of Pandora’s overall user base, remained unclear based on publicly available information.

Downdetector, the outage-tracking platform where many of Thursday’s complaints were logged, works by aggregating user-submitted reports about service disruptions across thousands of websites and applications, rather than directly monitoring the internal systems of the companies it tracks. Because the platform relies on self-reported user complaints rather than direct access to a company’s server infrastructure, spikes in reported issues can sometimes reflect genuine service outages, while other spikes may result from more localized problems affecting individual users, internet service providers or specific devices rather than a true platform-wide failure.

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Separate monitoring services tracking Pandora’s status, including those affiliated with Sonos, which integrates Pandora’s streaming service into its home audio products, reported the platform as operational during checks conducted around the same period Thursday. One such service noted only a single user-submitted outage report over a 24-hour window, a volume of complaints within the range the service characterized as normal rather than indicative of a significant disruption.

Pandora, founded in 2000, has grown over more than two decades into one of the best-known platforms for personalized internet radio and music streaming in the United States. The service uses a recommendation system built around what the company calls the Music Genome Project, which analyzes musical attributes of songs to generate personalized listening stations based on a user’s stated preferences. Pandora has faced increasing competition in recent years from rival streaming platforms including Spotify and Apple Music, both of which have continued to expand their own personalized recommendation features in ways that have narrowed some of the differentiation Pandora’s algorithm-driven approach to music discovery once offered.

For users experiencing difficulty accessing Pandora, general troubleshooting steps commonly recommended for streaming service disruptions include restarting the Pandora app or closing and reopening it entirely, checking for available app updates through a device’s app store, verifying that the device’s internet connection is functioning properly by testing other online services, and, if accessing Pandora through a web browser, performing a full page refresh or clearing the browser’s cached data. If a service-side outage is confirmed to be the underlying cause of access problems, however, individual troubleshooting steps taken by users are unlikely to resolve the issue until the company restores normal service on its end.

Thursday’s reported issues with Pandora were not an isolated case of technology service disruptions drawing attention that day. Separate reports also surfaced regarding possible chat, login and API issues affecting Anthropic’s Claude AI system across multiple regions, including the United States, Australia and the United Kingdom, according to outage-tracking reports published around the same time, suggesting a broader pattern of scattered technology service disruptions being reported and tracked across different platforms that day, though the reported issues involving Pandora and other services do not appear to be directly connected to one another based on currently available information.

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Users seeking updates on Pandora’s service status are generally advised to monitor the company’s official social media channels or support pages for any formal acknowledgment of an outage, since third-party outage-tracking platforms like Downdetector, while useful for gauging the scale of user-reported complaints in near real time, do not have direct access to a company’s internal systems and cannot independently confirm whether reported issues stem from a true platform-wide outage, a more limited regional or device-specific problem, or unrelated individual technical issues affecting different users simultaneously.

As of the most recent available information, Pandora had not provided an estimated timeline for resolving the issues some users reported experiencing Thursday, and the company had not responded publicly to inquiries about the elevated complaint volume registered on Downdetector throughout the day. Users continuing to experience problems accessing the service were encouraged to check for updates directly through Pandora’s official channels rather than relying solely on third-party outage trackers for the most current and authoritative information about the platform’s operational status.

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Cerus Corporation (CERS) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Cerus Corporation’s Second Quarter 2026 Earnings Conference Call. Please be advised, today’s conference is being recorded. I would now like to hand the conference over to Tim Lee, Cerus’ Head of Investor Relations. Tim, you may begin.

Timothy Lee
Head of Investor Relation

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Thank you and good afternoon. I’d like to thank everyone for joining us today. As part of today’s webcast, we are simultaneously displaying slides that you can follow. You can access the slides from the Investor Relations website at ir.cerus.com. With me on the call are Vivek Jayaraman, Cerus’ President and Chief Executive Officer, and Kevin Green, Cerus’ Chief Financial Officer. Cerus issued a press release today announcing our financial results for the second quarter ended June 30, 2026, and describing the company’s recent business highlights. You can access a copy of this announcement on the company’s website at www.cerus.com.

I’d like to remind you that some of the statements we’ll make on this call relate to future events and performance, rather than historical facts and are forward-looking statements. Examples of forward-looking statements include those related to our future financial and marketing results, including our 2026 product revenue guidance, our expectations for gross margins, non-GAAP adjusted EBITDA performance, and our expected expense levels, as well as our commitment to achieving GAAP profitability. Expected future growth in our growth trajectory and market opportunities, our expectations that we will deliver P&L leverage in 2026, the availability and related timing of data from clinical trials, planned regulatory submissions and

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First Solar, Inc. (FSLR) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript