India’s IT stocks have crashed due to the historic fall in IBM shares. There is a decline from Infosys to TCS-Tata Elxsi. At the same time, due to the masterstroke of the government, shares like BEL are rising.
Stock Market Today: There is a tremendous stir in the stock market at this time. On one hand, there is an uproar in Indian IT stocks due to the biggest earthquake in 58 years (a huge fall of 25%) in American tech giant IBM, on the other hand, due to a big masterstroke by the Indian government, hopes of a huge rise in defense stocks have been raised. If you also invest money in the share market or are looking for the right opportunity, then let us know why there is a stir in big stocks like Tata Elxsi to Infosys-TCS and BEL on Wednesday…
Tata Elxsi Share Price: Sharp fall of 5%
Shares of Tata Group’s leading tech company Tata Elxsi have seen a huge fall of 5% in early trade today, July 15, and are trading around ₹3,521. If we look at the record of the last 1 year, this share has fallen from a high level of ₹ 6,181 to ₹ 3,521, that is, investors have suffered a huge loss of about 43%. However, Tata Elxsi’s net profit for the June 2026 quarter has increased by 18.2% on an annual basis to ₹ 1,706 million. But the annual profit has declined by 19.9% in the financial year 2026 (FY26). Currently its P/E ratio is at 33.5.
Why the sudden fall in Infosys and TCS shares?
The shares of America’s famous tech company IBM have fallen by more than 25% in a single day, wiping out about $70 billion from the company’s market value. Due to IBM’s poor results and companies spending more on AI hardware instead of software, its impact is also visible on Indian companies like TCS, Infosys, Wipro, Zensar.
Good news for BEL Share Price and 4 other defense stocks
While there is disappointment in the IT sector today, a very good news is coming for India’s defense electronics sector. The government has launched a very ambitious ₹15,000 crore project (AS-HAPS) to monitor the country’s borders round the clock. Under this, indigenous high-tech airships (Pseudo-Satellites) will be made that will fly more than 20 kilometers in the sky for months. The biggest benefit of this project will be to those companies which make radar, electronics, sensors and communication systems for the army.
Investors keep an eye on 5 defense stocks
Bharat Electronics Ltd Share
BEL is the most trusted government defense company of the country. They have no competition in building radar and secure communication networks, so they can get huge benefits from this project.
Paras Defense Share
Surveillance from the sky will require excellent cameras, optics and infrared imaging systems, in which Paras Defense is far ahead. The impact of this project can also be seen on this stock.
Data Patterns and Astra Microwave Share
Both these companies have tremendous capability to manufacture modern mission computers and radar electronics required for missiles and airships.
Avantel Share
To keep these airships in the sky for many months connected to the ground, strong satellite communication will be required, which is the main work of Avantel.
stock market today
Even though there is a decline in IT stocks, other sectors of the stock market are bright. Today BSE Sensex is trading at the level of 77,574 with a rise of about 0.7%, while NSE Nifty has also risen by 0.6% and has crossed 24,185.
Today’s Top Gainers and Losers
Talking about the losers in the IT sector, there is a declining trend in the shares of TCS, Zensar, Mastek and Infosys. On the other hand, L&T Technology Services is in the list of gainers with a rise of about 5%.
Sensex top gainers
Shares of Bajaj Finance and IndusInd Bank are seeing a rise of more than 2% today. Maximum buy-selling is taking place in Axis Bank and Tata Steel today.
Disclaimer: The information given in this article is for general information and educational purposes only. This should not be considered financial or investment advice in any way. Investing in the share market is subject to risks. Before investing money in any share or taking any investment related decision, definitely consult your financial advisor or SEBI registered expert.