Archive · 4 Oct 2026
Brokerage names IT stock picks after Accenture results
Choice Broking reviewed Indian IT companies after Accenture reported its latest results.
It picked TCS and Tech Mahindra among larger companies, and Coforge and Mphasis among mid-sized ones.
Accenture’s quarterly revenue was higher than analysts had expected.
The company also said it expects revenue to grow in fiscal 2027.
Still, Choice Broking thinks growth for Indian IT companies could remain slow.
It cited pressure on prices, weaker spending on optional projects, and productivity gains from AI being passed on to customers.
The stocks have had different results, with some rising and others falling over the periods described.
These are the brokerage’s investment views, not a guarantee of future returns.
Choice Broking prefers TCS and Tech Mahindra among large-cap Indian IT stocks, and Coforge and Mphasis among mid-caps.
The brokerage forecasts another subdued growth year for Indian IT in FY27, citing AI productivity gains passed to clients, pricing pressure and weak discretionary spending.
Accenture reported fourth-quarter revenue of $18.7 billion, up 6% year on year in US dollars and above market expectations.
Accenture expects 3–6% revenue growth in local currency in fiscal 2027, and reported quarterly bookings of $22.2 billion.
Share performance varied: TCS and Mphasis were sharply lower year to date, while Coforge was up 10.28% and Tech Mahindra down 4.34%.
- Who
- Choice Broking issued the stock preferences; Accenture reported its fourth-quarter results.
- What
- The brokerage identified preferred Indian IT stocks and forecast subdued sector growth for FY27.
- When
- After Accenture's fourth-quarter results and ahead of the upcoming second-quarter earnings season; the article does not specify a date.
- Where
- The recommendations concern Indian IT stocks; Accenture's reported results are company-wide.
- Why
- The brokerage cited AI-related productivity pass-throughs, pricing pressure and continued softness in discretionary spending.
- Tier-1 picks
- TCS and Tech Mahindra
- Mid-cap picks
- Coforge and Mphasis
- FY27 Indian IT outlook
- Choice Broking expects another subdued growth year.
- Accenture Q4 revenue
- $18.7 billion, up 6% year on year in US dollars.
- Accenture fiscal 2027 revenue outlook
- 3–6% growth in local currency.
- Accenture Q4 bookings
- $22.2 billion, up 4% in US dollars and 5% in local currency.
- TCS year-to-date share performance
- Down 35.68%, according to the article.
- Coforge year-to-date share performance
- Up 10.28%, according to the article.