IT stocks stay resilient as markets shrug off US green-card freeze; analysts cite diversified talent pipelines

Shares of Infosys, TCS and Wipro closed flat-to-higher on 11 October despite continued headlines over the US PERM suspension, according to coverage by The Financial Express. Traders said investors had already priced in immigration risk after earlier H-1B and L-1 policy debates, and were reassured by company statements emphasising minimal exposure. Brokerages CLSA and Motilal Oswal reiterated ‘Buy’ ratings, arguing that the PERM pathway affects only long-term permanent residency aspirations, not near-term project staffing. They pointed to the sector’s growing delivery presence in Canada, Eastern Europe and Tier-2 Indian cities, plus expanded US-local hiring, as structural hedges. The muted market response contrasts with 2017, when a proposed H-1B wage-floor bill wiped ₹35,000 crore off Indian IT market-cap in a single session. Analysts said today’s investors distinguish between temporary visa frictions and core demand drivers like cloud migration and generative-AI deals. From a global-mobility standpoint, the story highlights how financial markets increasingly track company exposure to immigration pathways. Firms that publish transparent mobility data—visa mix, localisation ratios, average stay durations—tend to suffer less volatility when policy shocks hit. The episode is also a signal to mobility managers that diversification strategies have tangible shareholder value: smoother talent pipelines translate into steadier earnings expectations and, by extension, stock performance.