HCL Tech and Coforge gained 1.4% and 1.2%, respectively. Mphasis, Persistent Systems, Infosys and Tata Consultancy Services closed between 0.3% and 0.5% higher. Most of these shares traded 2-4% higher earlier in the day.
IT sector faces limited upside amid global uncertainty and tariff risks: Sandip Sabharwal
I would think that the downsides could be limited for many of these companies given the fact that they are zero debt, most of them,