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IT and midcap stocks face pressure as Q3 results set expectations
Stocks such as TCS and HCL Tech moved sharply as Q3 result previews highlighted margin concerns, demand outlook, and earnings expectations across IT and midcap names.
Several stocks including TCS, HCL Tech, AR Wealth, and Infibeam Avenues saw sharp moves as investors reacted to Q3 earnings previews and early results. Analysts flagged margin pressures for IT majors due to wage hikes and muted deal conversions, while select midcaps faced profit-booking after recent rallies.