IT Stocks Still Far Below Their All-Time Highs 📉

Despite the recent recovery in technology stocks, most major Indian IT companies continue to trade significantly below their peak valuations. 🔹 TCS: -54% from ATH $TCS 🔹 Wipro: -51% $WIPRO 🔹 LTIMindtree: -50% 🔹 Infosys: -48% $INFY 🔹 HCLTech: -44% $HCLTECH 🔹 Mphasis: -38% $MPHASIS 🔹 Persistent Systems: -29% 🔹 Oracle Financial Services: -27% 🔹 Coforge: -27% 🔹 Tech Mahindra: -24% What's weighing on the sector? • Weak global demand and delayed discretionary spending • Uncertainty around US and European economic growth • Slower deal conversions and pricing pressure • Concerns over AI-led disruption in traditional IT services What to watch ahead? • Improvement in global tech spending • Stronger deal wins and order books • Margin expansion and earnings upgrades • Increased AI-related revenue opportunities While sentiment remains cautious, the sharp correction has brought valuations closer to historical averages, making the sector worth tracking for long-term investors.