Retail investors used the June quarter decline in some of India’s biggest companies to mount an estimated Rs 17,914 crore contrarian bet, accumulating shares of Infosys, Reliance Industries, TCS, Wipro, HCL Technologies and ITC even as all six stocks fell.
The wager is heavily concentrated in technology, the sector most exposed to uncertain global corporate spending and AI disruption. Infosys, TCS, Wipro and HCL Technologies attracted an estimated Rs 12,230 crore, accounting for more than two-thirds of the buying across the six stocks, shows data from PRIME Database.
That concentration sets up a direct test of whether retail investors have successfully bought near the bottom or merely averaged down before earnings visibility has improved.
