IT Stocks in Focus: TCS, Infosys, Wipro , Coforge Face Huge Selling Pressure Amid US Tariff Worries

Indian IT stocks, including TCS, Infosys, Wipro, Coforge and many others, are under significant pressure on April 4th, following US President Donald Trump's reciprocal tariff announcements on April 2nd. The move has triggered concerns over declining IT exports, leading to a sharp sell-off in the stock market.

While the broader market crashed today with Sensex losing 900 points to trade near 75,300 and Nifty 50 dropped below 22,900, Nifty IT index shed 3.51% in today's trading session.

Trump's tariffs and ongoing US economic uncertainty are expected to have major risks for Indian IT companies, as the US is their largest revenue market. This growing uncertainty is weighing on IT stocks across both large-cap and mid-cap segments.

How Are Major IT Stocks Performing Today?

TCS Share Price Today

TCS shares opened in the red, dropping 2.3% to ₹3,322. The stock has witnessed a 6.4% decline in the last five days due to increasing concerns over US trade policies. Over the past six months, TCS stock has fallen over 21%, raising concerns among long-term investors.

Infosys Share Price Today

Infosys shares are trading down by 2.3% at ₹1,461 as of this writing. The stock has lost 23% in the last six months and is down 22% so far in 2025.

Wipro Share Price Today

Wipro shares tumbled 3.69% to Rs. 246.50 in early morning trade. Since the start of 2025, Wipro stock has lost 17% of its value.

HCL Tech Share Price Today

HCL Tech shares declined 2.85% to ₹1,428 at 2:00 PM. The stock is 29% down from its 52-week high, due to ongoing macroeconomic pressures.

Coforge Share Price Today

Coforge shares also faced heaviest selling pressure among the it.stocks where its share dropped 6.74% and are trading at Rs. 6,675 at the time of writing.

Will Q4 Earnings Boost IT Stocks?

The upcoming Q4 FY25 earnings will be crucial in determining the near-term trajectory of IT stocks. According to a report by Antique Broking, Indian IT companies are expected to see a sequential revenue decline between -1.5% to flat QoQ in constant currency (CC) terms.

The report explained that Infosys and HCL Tech are likely to provide muted FY26 revenue growth guidance of 2%-4% and 4%-6%, respectively. While Wipro's quarterly guidance is expected to range from -1.0% to +1.0% QoQ.

Mid-cap IT firms such as LTTS, Coforge, and Persistent Systems may witness 0% to 6% revenue growth in organic CC terms. Small and midsized deals are seeing better conversions, but large deal closures remain muted, signalling that enterprises are focusing on short-term, cost-effective projects rather than long-term transformations.

IT Stock Price Targets: Should You Buy, Hold, or Sell?

As per Deven Choksey Research report dated 27th march. Infosys has been given a BUY rating with a target price of Rs. 2,154, expecting a potential 34.7% upside. TCS is recommended as ACCUMULATE, with its target of Rs 4,631, indicating a 27.4% growth potential. HCL Tech has been rated as HOLD, with a target price of Rs.1,894, offering a 16% upside. Meanwhile, Wipro is expected to have an 8% upside and a target price of Rs 289.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.