IT stocks, June 23 -- Shares of IT companies like Tata Consultancy Services (TCS), Infosys, HCL Tech and Wipro fell as much as 3 per cent on Monday following Accenture's financial results.

Infosys fell over 2.43 per cent, becoming the biggest laggard on Nifty IT index. Meanwhile, TCS, Wipro and HCL Tech slipped below 2 per cent on June 23.

On the other hand, Accenture share price dropped over 7 per cent on NYSE, hitting intraday low of $273.19 apiece, falling over 11 per cent on Friday, June 20. The IT stock has descended over 21 per cent in past six months. In terms of year-to-date (YTD), the share has slipped over 18 per cent.

Accenture posted an 8 per cent year-on-year revenue increase, reaching $17.7 billion for the March-May 2025 ...