Synopsis: IT stocks including L&T Technology Services, Wipro, Cyient, and KPIT, and some others are trading near their 52-week lows, reflecting market pressure despite varied performance.
IT companies are trading near their 52-week lows, driven largely by concerns over AI-driven disruption. The recent surge in advanced AI tools from Anthropic has heightened fears that automation could replace large portions of human labor, hitting demand for traditional IT and software services. Investors are reacting to the potential earnings impact, causing increased volatility and a sell-off across software and IT services.
As a result, investors are re-pricing IT stocks, especially those reliant on traditional services, amid fears of margin pressure and lower revenues. While AI adoption poses risks to legacy models, companies integrating AI effectively may emerge stronger, keeping the sector volatile but strategically important.
Nomura highlights that IT services valuations are now in the value zone, with the sector trading below its 12-year average and at a 12–39 percent discount to the 5-year average, driven by concerns over AI-led ADM disruption, SaaS irrelevance, and margin compression. In a structural decline scenario, sector growth could slow to 2–3 percent or turn negative, accompanied by 6–7percent revenue deflation and compressed valuations of 10–12x P/E.
L&T Technology Services Ltd
L&T Technology Services is an Indian multinational engineering and R&D services company. It offers engineering design, product lifecycle management, and digital solutions across industries such as automotive, industrial products, semiconductors, medical devices, and industrial IoT, helping global clients innovate and bring products to market.
With a market capitalisation of Rs. 37,415 cr, the shares of L&T Technology Services Ltd were trading at Rs. 3,529 per share, down from its previous close of Rs. 3,530.55 per share. The stock is trading near its 52-week low at Rs. 3,455.80 per share.
Wipro Ltd
Wipro is one of India’s largest IT services, consulting, and outsourcing companies. It provides technology solutions including cloud computing, AI, cybersecurity, data analytics, enterprise applications, and business process services to clients across sectors like financial services, healthcare, manufacturing, and telecommunications.
With a market capitalisation of Rs. 2,24,385 cr, the shares of Wipro Ltd were trading at Rs. 214 per share, up from its previous close of Rs. 213.30 per share. The stock is trading near its 52-week low at Rs. 209.15 per share.
Cyient Ltd
Cyient is a technology company specializing in engineering, manufacturing, data analytics, network operations, and digital services. It serves sectors such as aerospace, defense, energy, transportation, and communications, delivering design, development, and analytics solutions to global enterprises.
With a market capitalisation of Rs. 11,083 cr, the shares of Cyient Ltd were trading at Rs. 995.70 per share, up from its previous close of Rs. 990.45 per share. The stock is trading near its 52-week low at Rs. 981.05 per share.
Mastek Ltd
Mastek is a technology services firm focused on digital engineering, cloud transformation, data and AI services, and enterprise solutions. It helps organizations modernize applications, leverage cloud technologies, and improve business processes to drive digital transformation.
With a market capitalisation of Rs. 5,330 cr, the shares of Mastek Ltd were trading at Rs. 1,720 per share, up from its previous close of Rs. 1,711.05 per share. The stock is trading near its 52-week low at Rs. 1,677 per share.
Happiest Minds Technologies Ltd
Happiest Minds Technologies is an AI-led digital engineering and IT company. It provides services in product engineering, cybersecurity, analytics, automation, and cloud computing, helping enterprises solve complex business problems across banking, healthcare, retail, and manufacturing.
With a market capitalisation of Rs. 5,905 cr, the shares of Happiest Minds Technologies Ltd were trading at Rs. 387.80 per share, up from its previous close of Rs. 386 per share. The stock is trading near its 52-week low at Rs. 364.90 per share.
Newgen Software Technologies Ltd
Newgen Software Technologies offers a unified digital transformation platform that supports intelligent process automation, content management, customer communication, and low-code application development. It helps enterprises automate workflows, manage content, and deliver seamless digital experiences.
With a market capitalisation of Rs. 6,775 cr, the shares of Newgen Software Technologies Ltd were trading at Rs. 476 per share, up from its previous close of Rs. 462.75 per share. The stock is trading near its 52-week low at Rs. 459 per share.
Accelya Solutions India Ltd
Accelya Solutions India provides software solutions for the airline and travel industry. Its offerings include airline retailing, revenue accounting, settlement, and operational systems that help carriers and travel partners modernize commerce and financial processes and enhance efficiency.
With a market capitalisation of Rs. 1,750 cr, the shares of Accelya Solutions India Ltd were trading at Rs. 1,172 per share, down from its previous close of Rs. 1,173.45 per share. The stock is trading near its 52-week low at Rs. 1,152.05 per share
KPIT Technologies Ltd
KPIT Technologies specializes in engineering R&D and software integration for the automotive and mobility sector. It supports automakers in developing software-defined vehicles through embedded systems, AI, electrification, connected vehicles, and next-generation mobility technologies.
With a market capitalisation of Rs. 24,047 cr, the shares of KPIT Technologies Ltd were trading at Rs. 877.20 per share, down from its previous close of Rs. 879.70 per share. The stock is trading near its 52-week low at Rs. 813.55 per share
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