TCS Q1 results after party: Infosys, Wipro, other IT stocks jump up to 4%. Why are analysts bullish despite AI worries?

TCS Q1FY27 results surprised brokerages positively, lifting the entire IT sector. Infosys, HCL Tech, Tech Mahindra jumped about 4% each, TCS rose 3.5%, and Wipro gained over 2%, pushing the Nifty IT index up 3.5% to 28,439.55. Brokerages including Nuvama (46% upside target), Motilal Oswal (Rs 2,350 target) and Dolat Capital (upgraded to Buy with Rs 2,580 target) remain bullish citing attractive valuations, resilient margins, and gradual demand revival despite AI-related concerns.