Shares of Birlasoft Ltd. gained over 10% on Thursday, October 23, marking their biggest single-day jump since May 2021.

The Pune-based IT services company saw heavy trading activity, with volumes hitting a four-month high, around 70 lakh shares changed hands compared with a 20-day average of 2.4 lakh.

The stock also broke above key technical levels, crossing its 50-day moving average (₹366) and the 100-DMA (₹391). If the momentum sustains, October could turn out to be Birlasoft's first monthly gain after three consecutive months of losses.

The surge in IT counters, including Birlasoft, may have been aided by a clarification from the Trump administration on H-1B visa rules.

The Trump administration announced that the $100,000 fee will not apply to F-1 student visa holders, L-1 intra-com

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