India’s 5 Top-Valued IT Companies: Fundamentals, Technicals & Trump’s Policy Impact

Explore India’s top 5 most valuable IT companies with in-depth fundamentals, technicals, and insights on how Trump’s US policies may affect their future.

Introduction

India’s Information Technology (IT) sector stands as a global powerhouse, with top Indian companies like TCS, Infosys, Wipro, HCLTech, and LTIMindtree delivering solutions worldwide. These firms not only dominate the Indian stock market by market capitalization but also serve Fortune 500 clients globally.

With the possible return of Donald Trump as US President, investors are revisiting how US immigration, outsourcing, and tax policies might affect Indian IT giants.

This blog covers:

The Top 5 highest-valued IT companies in India
Their business model, fundamentals, and technical outlook
Analysis of Trump’s policy impact on these stocks

1. Tata Consultancy Services (TCS)

Market Cap: ₹14.5 Lakh Crore (Approx.)

Business Overview:

TCS, a cornerstone of the Tata Group, is India’s leading IT services provider. It delivers innovative digital transformation, cloud computing, consulting, and enterprise solutions, serving industries such as banking, healthcare, retail, and manufacturing.

Fundamentals (as of June 2025):

Revenue (TTM): ₹2,34,000 Cr
Net Profit: ₹47,000 Cr
PE Ratio: ~30
ROE: 46%
Dividend Yield: 1.5%
Promoter Holding: 72.3%

Technicals:

200-Day SMA: ₹3,800
Current Price: ₹3,950
RSI: 62 (slightly overbought)
Pattern: Cup & Handle formation – potential bullish breakout

Trump Policy Impact:

Trump’s strict H-1B visa stance in his first term affected TCS hiring in the U.S. A revival of such policies may increase onsite hiring costs and push up margin pressure. However, TCS's push into AI, cloud, and domestic digital transformation can offset US dependency.

2. Infosys Ltd

Market Cap: ₹6.7 Lakh Crore

Business Overview:

Infosys is known for IT consulting, software development, and maintenance services. It’s a big name in financial services, retail, and telecom sectors globally.

Fundamentals:

Revenue (TTM): ₹1,53,000 Cr
Net Profit: ₹27,500 Cr
PE Ratio: ~27
ROE: 32%
Dividend Yield: 2.0%
Promoter Holding: 13.2% (majorly held by the public and institutions)

Technicals:

200-Day SMA: ₹1,530
Current Price: ₹1,680
RSI: 58
Pattern: Higher high, higher low structure (bullish continuation)

Trump Policy Impact:

A strong dollar and US tax breaks under Trump 2.0 could support U.S.-based clients' IT spending. However, outsourcing restrictions and trade tariffs may hit margin growth. Infosys' strategy to hire locally in the U.S. and expand European contracts may cushion the blow.

3. HCL Technologies

Market Cap: ₹3.9 Lakh Crore

Business Overview:

HCLTech focuses on infrastructure services, application development, and engineering services. It is a leader in product engineering and is expanding rapidly in AI/ML-driven IT automation.

Fundamentals:

Revenue (TTM): ₹1,05,000 Cr
Net Profit: ₹15,600 Cr
PE Ratio: ~23
ROE: 26%
Dividend Yield: 3.5%
Promoter Holding: 60.7%

Technicals:

200-Day SMA: ₹1,280
Current Price: ₹1,420
RSI: 54
Pattern: Consolidation zone, breakout expected above ₹1,450

Trump Policy Impact:

HCL, with a sizable U.S. exposure in engineering R&D and data centers, may face restrictions on outsourcing contracts. That said, its cloud transformation and cybersecurity business are likely to see increased U.S. government and enterprise spending.

4. Wipro Ltd

Market Cap: ₹2.5 Lakh Crore

Business Overview:

Wipro is a global IT services company with strengths in cloud, DevOps, business process services, and cybersecurity. It is undergoing a major digital transformation post-leadership overhaul.

Fundamentals:

Revenue (TTM): ₹91,300 Cr
Net Profit: ₹11,800 Cr
PE Ratio: ~21
ROE: 18%
Dividend Yield: 1.8%
Promoter Holding: 72.9%

Technicals:

200-Day SMA: ₹490
Current Price: ₹520
RSI: 65
Pattern: Triangle breakout, volume spike supports bullish bias

Trump Policy Impact:

Wipro’s relatively slower U.S. growth may hurt its comeback trajectory if Trump imposes new visa restrictions. However, Wipro is investing heavily in Generative AI, automation, and nearshore centers (Mexico, Canada), which can mitigate exposure.

5. LTIMindtree Ltd

Market Cap: ₹1.6 Lakh Crore

Business Overview:

Formed by the merger of L&T Infotech and Mindtree, this firm specializes in cloud migration, AI, data analytics, and digital engineering. It has a stronghold in BFSI and travel verticals.💰 Fundamentals:

Revenue (TTM): ₹40,800 Cr
Net Profit: ₹5,800 Cr
PE Ratio: ~34
ROE: 21%
Dividend Yield: 1.3%
Promoter Holding: 68.6%

Technicals:

200-Day SMA: ₹5,050
Current Price: ₹5,290
RSI: 61
Pattern: Strong support at ₹5,100, forming bullish flag🔍 Trump Policy Impact:

LTIMindtree has relatively lower exposure to U.S. Federal contracts, so direct impact may be less. However, travel-tech and retail client budgets might shrink if Trump’s protectionist policies tighten economic sentiment.

Sector-Wide Technical Snapshot (Nifty IT)

Metric	Current Value
Index Level	36,500
RSI	60
50-Day EMA	35,120
200-Day SMA	32,800
Bias	Bullish above 36,800 resistance

Analytical Insight: How Trump’s Return May Shape Indian IT

H-1B Visa and Immigration
- Trump may restrict visas, causing Indian firms to hire more locally, raising costs.
- In 2017–20, Indian IT margins shrank by 0.5–1% due to onsite hiring.
Protectionist Policies
- Trump could incentivize U.S.-based hiring and tax breaks, making Indian outsourcing less attractive.
Stronger USD and Tax Reforms
- A stronger dollar boosts IT revenues (billed in USD).
- Any corporate tax cuts can improve U.S. client margins, possibly increasing their IT spending.
Trade & Geopolitical Tensions
- India could emerge as a neutral, non-Chinese partner in tech outsourcing, benefiting Indian IT.

Conclusion

India’s top IT companies are globally competitive with sound fundamentals, attractive dividends, and strong technical setups. While Donald Trump’s policies may bring fresh challenges, especially on the immigration and outsourcing front, most Indian IT majors have diversified enough to weather geopolitical changes.

For investors, long-term growth in digital, AI, and cloud adoption continues to favor Indian IT. However, it’s prudent to stay updated on global political developments, as they may sway earnings, hiring costs, and valuations.

The Financial And Tech Literacy