Indian IT stocks have been one of the weakest pockets of the market this year, with the sector losing more than Rs 10 lakh crore in market value as investors turned cautious on growth, client spending and the impact of artificial intelligence on traditional outsourcing work. The damage has been severe in the biggest names. Wipro is down 30% so far this year, Infosys has fallen 28%, TCS is down 25% and HCL Tech has lost 18%.
But two mid-tier IT stocks have managed to stand apart in the selloff. Coforge is up 7% year-to-date, while LTM is up 1%. LTM has also gained 21% in the past one month, making it one of the sharper rebounds in the sector.
