India IT Stocks
Track 13 IT services and software companies with historical returns, performance rankings, and investment analysis.
What's Driving India IT Stock Returns?
Updated: May 2026India's IT sector is the backbone of the country's services exports, generating over $250 billion annually. These companies provide software development, IT consulting, and business process outsourcing to global enterprises—particularly in banking, healthcare, and retail.
Tier 1 IT companies are currently outperforming with an average 1-year return of -16.6%, while Tier 2 IT returns -19.6%.
Key themes: AI services adoption (GenAI consulting, automation), cloud migration deals, margin pressures from wage inflation, and US/Europe discretionary spending which drives 60%+ of revenue for most IT majors.
Of the 13 IT stocks tracked, 1 delivered positive returns over the past year. The top performer, PAYTM, returned +29.5%, while KPITTECH was the weakest at -48.6%. The median IT stock returned -10.4%.
Top 5 by 1-Year Return
India IT Stocks Monthly Returns (Jun'25 – May'26)
Use this heatmap to compare month-by-month performance across IT stocks. Green = gain, red = loss. Click any ticker for detailed analysis.
| Stock | Jun'25 | Jul'25 | Aug'25 | Sep'25 | Oct'25 | Nov'25 | Dec'25 | Jan'26 | Feb'26 | Mar'26 | Apr'26 | May'26 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAYTM | +4% | +18% | +11% | -7% | +16% | +1% | -2% | -12% | -3% | -13% | +5% | — | +13.0% |
| PERSISTENT | +7% | -14% | +3% | -9% | +23% | +7% | -1% | -3% | -22% | +3% | +7% | — | -6.7% |
| MPHASIS | +11% | +0% | -0% | -5% | +4% | +2% | -1% | -1% | -17% | -11% | +8% | — | -11.9% |
| TECHM | +7% | -12% | +1% | -5% | +3% | +7% | +5% | +10% | -22% | -2% | — | — | -12.8% |
| HCLTECH | +6% | -14% | -1% | -5% | +12% | +5% | -0% | +5% | -18% | -1% | — | — | -14.2% |
| OFSS | +6% | -6% | -2% | +1% | +1% | -3% | -5% | +1% | -11% | -3% | +4% | — | -16.1% |
| LTIM | +5% | -4% | +1% | +0% | +11% | +7% | -1% | -1% | -25% | -6% | — | — | -16.7% |
| INFY | +3% | -6% | -3% | -2% | +4% | +5% | +4% | +2% | -21% | -2% | — | — | -17.0% |
| WIPRO | +7% | -5% | +0% | -4% | +1% | +4% | +6% | -8% | -15% | -2% | — | — | -17.2% |
| TCS | +1% | -12% | +2% | -6% | +6% | +3% | +2% | -1% | -16% | -9% | — | — | -28.3% |
| COFORGE | +13% | -9% | -1% | -8% | +12% | +7% | -13% | -0% | -28% | -6% | +9% | — | -28.6% |
| TATAELXSI | -1% | -3% | -14% | -0% | +4% | -5% | +2% | +2% | -15% | -12% | +7% | — | -33.4% |
| KPITTECH | -6% | -2% | -3% | -8% | +6% | +5% | -4% | -11% | -26% | -18% | +10% | — | -47.5% |
All India IT Stocks
The table below lists all 13 IT stocks sorted by market capitalization. The three largest — TCS, INFY, HCLTECH — represent 69% of the sector's total ₹25.5L Cr market cap.
| Stock | Market Cap | 1Y Return | 5Y Return | 10Y Return |
|---|---|---|---|---|
| TCS Tata Consultancy Services | ₹8.7L Cr | -29.0% | -10.8% | +161.3% |
| INFY Infosys Limited | ₹5.2L Cr | -17.0% | +12.3% | +219.0% |
| HCLTECH HCL Technologies Limited | ₹3.7L Cr | -8.0% | +77.2% | +350.6% |
| WIPRO Wipro Limited | ₹2.1L Cr | -27.4% | -2.6% | +110.7% |
| LTIM LTIMindtree Ltd | ₹1.3L Cr | -9.8% | +9.7% | N/A |
| TECHM Tech Mahindra Limited | ₹1.2L Cr | -8.1% | +62.9% | +255.1% |
| PERSISTENT Persistent Systems Limited | ₹82K Cr | -4.7% | +559.6% | +1814.7% |
| PAYTM One97 Communications Limited | ₹64K Cr | +29.5% | N/A | N/A |
| OFSS Oracle Financial Services | ₹61K Cr | -7.1% | +198.0% | +205.0% |
| MPHASIS Mphasis Limited | ₹42K Cr | -10.4% | +49.4% | +537.5% |
| COFORGE Coforge Limited | ₹41K Cr | -23.7% | +156.8% | +1374.4% |
| TATAELXSI Tata Elxsi Limited | ₹26K Cr | -22.9% | +65.9% | +445.3% |
| KPITTECH KPIT Technologies Limited | ₹19K Cr | -48.6% | +387.8% | N/A |
About India IT Stocks
India's Information Technology sector is one of the world's largest, with combined revenues exceeding $250 billion. The sector employs over 5 million professionals and serves Fortune 500 clients across banking, healthcare, retail, and manufacturing.
The sector is dominated by TCS (₹8.7L Cr), INFY (₹5.2L Cr), and HCLTECH (₹3.7L Cr), which together account for 69% of the sector's market value.
Tier 1 vs Tier 2 IT Companies
Key Drivers for IT Stocks
- US/Europe IT spending: 60-70% of revenue comes from these markets. Discretionary spending drives deal wins.
- AI & GenAI adoption: Companies pivoting to AI consulting and automation see higher growth.
- USD/INR exchange rate: A weaker rupee benefits exporters' rupee revenue and margins.
- Wage inflation: Attrition and salary hikes impact margins, especially for Tier 2 players.
- Cloud migration deals: Multi-year digital transformation contracts provide revenue visibility.