In Friday's trading, IT stocks experienced significant losses, with Infosys leading the decline after announcing a weak revenue growth forecast for FY27. The company reported a 20.9% year-on-year increase in net profit, reaching ₹8,501 crore, and a revenue growth of 13.4% at ₹46,402 crore. However, the guidance of only 1.5-3.5% revenue growth in constant currency for FY27 was disappointing compared to last year's forecast of 3-3.5%. Following the announcement, Infosys shares fell by 5%, while HCL Technologies and Tata Consultancy Services (TCS) dropped approximately 3% each. The Nifty IT index plummeted nearly 4%, and since the beginning of 2026, major IT stocks have underperformed, with TCS, Infosys, and HCL Technologies down about 25%. Analysts, including Anand James from Geojit Investments, predict that Infosys and HCL Technologies may continue to struggle, with Infosys trading below its March lows and facing potential further declines. Key support levels for Infosys are noted at ₹1,220, while HCL Technologies shows support at ₹1,195 and ₹1,175. TCS appears relatively stronger, holding above its key support level of ₹2,406.