Why IT Stocks Are Rising Today: HCL Tech, TCS & Infosys Stocks Rise Up to 7%:

Indian IT stocks rose sharply on Tuesday, September 15, with HCL Technologies, TCS, Infosys and Tech Mahindra among the biggest gainers. The Nifty IT index rose 4.69% to 30,279 in morning trade.

The rally followed calls from leading artificial intelligence executives for a slowdown in AI development. IT stocks also became some of the biggest contributors to gains in the Nifty 50.

IT stocks rise sharply

Stock	Price	Gain
HCL Technologies	Rs 1,287.50	6.75%
Tech Mahindra	Rs 1,622.50	5.29%
TCS	Rs 2,316.60	5.26%
Infosys	Rs 1,088.70	4.91%
Wipro	Rs 172.26	2.90%

HCL Technologies gained 6.75%, while Tech Mahindra and TCS rose more than 5% each. Infosys climbed 4.91% and Wipro gained 2.9%.

Midcap IT stocks also gain

The buying was also seen across midcap technology stocks. Mphasis rose 5.69% to Rs 2,424.70, while KPIT Technologies gained 4.35% to Rs 578.10.

Tata Elxsi rose 4.22% to Rs 3,528, Hexaware Technologies gained 3.86% to Rs 516.40 and Persistent Systems advanced 3.26% to Rs 5,717.70.

Why are IT stocks rising?

The IT sector rally came after leading AI executives called for a slowdown in AI development. The comments eased some concerns around the pace of AI expansion and its possible impact on technology companies.

The Nifty IT index was the top sectoral gainer in morning trade, with five large IT stocks among the biggest Nifty 50 gainers.

HCL Technologies stock details

HCL Technologies is a global IT services company focused on AI, digital, engineering, cloud and software. It has more than 226,300 employees across 60 countries.

The company had a market capitalisation of around Rs 3.47 lakh crore and a stock P/E of 19.1. Its ROCE stood at 30.4%, ROE at 23.8% and dividend yield at 4.22%.

HCL Technologies	Details
Current price	Rs 1,280
Market cap	Rs 3,47,241 crore
P/E	19.1
Book value	Rs 277
Dividend yield	4.22%
ROCE	30.4%
ROE	23.8%
52 week high	Rs 1,780
52 week low	Rs 1,030

TCS stock details

Tata Consultancy Services is the flagship IT company of the Tata Group. It provides consulting, technology and business solutions to clients globally.

Its largest revenue segment is BFSI, which contributed 31.9% in Q3 FY26. TCS had a market capitalisation of around Rs 8.36 lakh crore, with ROCE of 63% and ROE of 51.8%.

TCS	Details
Current price	Rs 2,310
Market cap	Rs 8,35,796 crore
P/E	15.5
Book value	Rs 296
Dividend yield	2.79%
ROCE	63.0%
ROE	51.8%
52 week high	Rs 3,350
52 week low	Rs 1,976

Infosys stock details

Infosys provides consulting, technology, outsourcing and digital services. Its digital business includes AI based analytics, cloud migration, IoT and cybersecurity services.

Infosys had a market capitalisation of around Rs 4.39 lakh crore. Its stock P/E stood at 14.1, while ROCE was 40% and ROE was 31.9%.

Infosys	Details
Current price	Rs 1,081
Market cap	Rs 4,38,614 crore
P/E	14.1
Book value	Rs 225
Dividend yield	4.43%
ROCE	40.0%
ROE	31.9%
52 week high	Rs 1,728
52 week low	Rs 982

What investors should watch

Investors will track the impact of AI developments on IT spending, client demand and technology services. HCL Technologies, TCS and Infosys will remain in focus as the sector responds to changes in AI adoption.