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

The Nifty IT index recovered 1.3 percent to 27,785 on Monday, a day after plunging to its lowest since April 2023 at 26,634.50, triggered by Accenture cutting its FY26 revenue growth guidance to 3-4 percent from 3-5 percent and projecting Q4 revenue below Street estimates. Stocks like Coforge, OFSS, Tech Mahindra and Persistent Systems gained 2-3 percent, while Infosys, HCL Tech, LTI Mindtree, Mphasis, Wipro and TCS rose around 1 percent each. Analysts remain divided, with some citing attractive valuations post-correction and others warning of continued bearish momentum with immediate support at 26,180 and resistance at 28,250-28,300.