Titan Company, Infosys, HCL Technologies and TCS were among major gainers in early trades as technology stocks continued with the rally from yesterday's session. All the major technology companies were trading positive in today's session, lifting NSE Nifty up. Gold prices in the international markets touched another high with Gold currently trading above $4,000 per ounce. TopNews Team has reviewed technical levels for buzzing stocks for short term traders and investors.

Titan Company: Strengthening Its Consumer Discretionary Foothold

Titan Company, a prominent name within the Tata Group, delivered an impressive Q2 showing (July–September 2025), catalyzing an immediate share price jump exceeding 4%. The company posted a 20% year-on-year surge in its diversified consumer business, spanning jewellery, watches, eyewear, and nascent segments. This growth was strikingly broad-based: the domestic jewellery division climbed 19% year-over-year, buoyed by an increase in average ticket sizes despite a slight decline in buyer numbers—a phenomenon attributed to fluctuating gold prices and demand advance due to an earlier festive calendar.

The international segment emerged as a standout, registering an exceptional 86% expansion, heralding new, lucrative revenue streams beyond domestic borders. Titan’s expansion narrative further solidified with the addition of 55 new stores, raising its retail footprint to 3,377 outlets, a clear indicator of its commitment to omni-channel retail enhancements.

Performance within the jewellery segment was particularly robust, driven by strong investment demand, notably for gold coins, and an ongoing premiumization trend within sub-brands like Tanishq, Mia, and Zoya. Growth tilted heavily towards studded jewellery over plain gold, signaling consumer preference shifting toward higher-margin, design-centric products. Watches and emerging verticals also contributed to the upward trajectory, underscoring customer adaptability to market volatility and rising gold prices.

Analyst consensus around Titan remains bullish, with 29 out of 38 analysts endorsing a ‘buy’ stance, a consensus 12-month price target of ₹3,958.80—an upside of approximately 11.7%. Media outlets such as The Economic Times and NDTV Profit commend Titan’s consistent execution and premium demand capture within organized retail. Bloomberg’s data bolsters this outlook, highlighting sustained top-line growth, agile inventory management in response to gold price fluctuations, and international business momentum. However, cautionary voices warn of valuation vulnerabilities and potential margin pressures if gold price volatility continues or discretionary spending falters amid broader global risk aversion.

Overall, Titan Company stands as a resilient bellwether in India’s consumer discretionary space, yet susceptible to external shocks like global risk-off sentiment and gold price reversals, which could moderate near-term gains.

Infosys: Navigating Buyback Boost Amid Global IT Headwinds

Infosys’s 2025 performance narrates a tale of contrasts, with shares falling over 20% year-to-date before a modest rebound fueled by a substantial ₹18,000 crore share repurchase program. This buyback, surpassing prior initiatives, underscores management’s confidence in the company’s long-term cash flow generation but does not fully negate prevailing operational headwinds.

Global IT expenditure remains unpredictable, with clients in North America and Europe delaying budget approvals and demanding greater pricing concessions, pressuring growth and clouding margin outlook. Q1 FY2026 results reflected this, with operating margins slipping to 20.8% from 21.1% year-over-year, notwithstanding solid top-line results—a reported 8% revenue increase and 9% net profit growth in the quarter.

Analysts at Kotak Securities highlighted that the buyback structure notably excluded promoter participation, increasing potential gain for institutional and retail shareholders, who could tender shares at a premium, thus enhancing buyback attractiveness.

Market sentiment toward Infosys remains nuanced. Renowned firms like HDFC Securities and Axis Capital applaud operational discipline and steady execution as cornerstones of long-term growth, exemplified by Axis Capital’s price target of ₹1,820 citing valuation and earnings credibility. Conversely, entities such as Atzy Research urge caution, flagging lingering uncertainties in client revenue flows and extended project timelines, driven by volatile global macroeconomic conditions. This bifurcation yields a cautious ‘hold’ recommendation in many quarters, awaiting clear catalysts to unlock upside.

Institutional ownership trends reveal foreign investors trimming stakes to 31.92%, while domestic institutions and mutual funds have increased holdings, reflecting a recalibrated risk appetite focused more on domestic resilience.

In sum, the share buyback provides a sentiment lift, but Infosys’s medium-term valuation is tightly tethered to the trajectory of global IT demand, margin preservation, and execution amid macroeconomic turbulence.

TCS: Awaiting Critical Earnings Amid Wage and Demand Pressures

India’s foremost IT giant, Tata Consultancy Services (TCS), is set to release its Q2 FY26 financial results on October 9, 2025, with market analysts poised for insight into recent operational trends. Nomura projects a net profit rise of 4.5% year-on-year to ₹12,441.7 crore, alongside modest revenue growth of 1.4% year-over-year to ₹65,174 crore. This quarter’s financials will reflect the initial impact of salary hikes and likely elevated costs tied to organizational restructuring and investment initiatives, compounded by lower utilisation rates.

Recent contract wins, including a noteworthy $640 million deal with insurance firm Tryg, exemplify TCS’s ongoing prowess in securing transformative cost optimization and vendor consolidation projects, expected to accelerate in forthcoming quarters. Yet, Business Standard analysts anticipate muted sequential revenue growth, constrained by diminished contributions from a sizable BSNL project and persistent demand uncertainty in BFSI and retail sectors, especially across North America and Europe.

Brokerages including Nomura, Nirmal Bang, Centrum, and MOFSL characterize TCS as entering this earnings cycle with subdued topline momentum but robust medium-term deal pipelines. Total contract value (TCV) is expected to exceed the company’s guidance of $7–9 billion, albeit tempered by cautious discretionary spending in Western markets. Margins are forecasted to remain stable or slightly decline around 24.5%, pressured by wage increases, visa fee inflation, and macroeconomic instability in the US.

Investor focus centers on management commentary regarding discretionary spend trends, ongoing cost reduction efforts, and sector-specific demand nuances—especially within BFSI and technology verticals—to gauge future sentiment.

TCS shares have experienced a downturn of 2.45% in the last month as the broader IT index reels from similar uncertainties impacting Infosys, weighed down further by prolonged US tariffs affecting technology budgets and client project deferments.

Despite short-term softness, analysts underscore TCS’s dominant operational scale, strong order book, and cash flow generation as foundational positives supporting medium-term confidence. Shareholders also anticipate the company’s second interim dividend announcement, which could inject renewed optimism.

Titan Company’s aggressive expansion, diverse consumer focus, and premiumisation momentum distinctly position it as a compelling leader within India’s organized jewellery and lifestyle market. While macroeconomic risks related to gold price fluctuations and geopolitical uncertainties persist, Titan’s broad analyst support and operational execution provide solid foundations.

On the IT front, Infosys confronts an environment of global spending unpredictability offset by internal capital return strategies and disciplined cost controls. Investor caution balances with optimistic growth expectations centered on digital transformation initiatives. The company’s ongoing valuation compression reflects the balancing act between these forces.

TCS stands at a strategic crossroads, awaiting clearer earnings revelations to confirm its ability to maintain margin resilience amid rising wage costs and softening demand from key Western markets. Its robust order book and operational scale remain important confidence drivers, while market watchers zero in on discretionary spend trends and deal pipeline health.