IT stocks to buy for long term: The Indian IT stocks have been on an uptrend after the announcement of Accenture's Q4 results, signalling broader IT spending beyond AI. In one week's time, the TCS share price has risen over 11%, HCL Tech's share price has appreciated around 7.50%, Wipro's share price has shot up around 11%, and Tech Mahindra's share price has skyrocketed around 18%. Meanwhile, Infosys shares are also attracting strong buying interest ahead of its Q2 results 2026 date, which falls this week. Infosys shares have surged nearly 9.50% over the past week.
Pointing towards the key trigger for the Indian IT majors, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, “Accenture expects revenue growth across both consulting and managed services in FY2027. Its guidance assumes stable to slightly improving discretionary spending at the upper end, while allowing for weaker spending at the lower end.”
The SMC Global Securities expert said the Indian market estimates that AI cloud may create new opportunities for the Indian IT majors like TCS, Wipro, Infosys, HCL Tech, etc., and attributed three major reasons for the spike in the Indian IT stocks: Accenture's strong Q4FY26 results, AI could creating new opportunities for the services-oriented IT companies, and better-than-expected Q2 results 2026 by the Indian IT companies.
Decoding the Accenture Q4FY26 results, Mahesh M Ojha, VP — Research and Business Development at KC Securities, said, “Accenture reported better-than-expected Q4FY26 results. The Dublin-based IT major reported Q4 revenue of $18.68 billion against the $18.03 billion expected by analysts. It also projected annual revenue growth of 3-6%.”
Ojha said that AI-driven price increases and cautious spending will likely weigh on the growth of Indian IT companies, even as Accenture’s guidance suggested consistent demand in consultancy and managed services, with work related to artificial intelligence (AI) also adding to sentiment.