Indian technology companies exceeded their Q2 earnings forecasts, but their future guidance remained cautious. While some brokerages observed a potential bottoming out of pessimism, clear signs of increased spending in developed countries are still pending. Stocks like Infosys, TCS, and HCL Tech are among the top picks for many brokerages.
Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market
Gokaldas Exports led the rally, jumping 18.8% to ₹1,013 on the BSE. KPR Mill rose 10.1% to ₹1,122.05, and Arvind Ltd gained 5.8% to ₹387.