Shares of IT firms such as Infosys, HCL Tech, TCS and Tech Mahindra were the only gainers on Sensex, rising up to 1.35% in early deals.
Indian IT stocks are having a tough time lately amid the rising AI challenges with major IT player hitting multiyear lows, with select bluechips from the IT space hitting their fresh lows on Thursday.
Stocks like Tata Motors PV, HCL Tech, JSW Steel, Apollo Tyres, Muthoot, Voltas, Akums Drugs, OMCs, Adani Group shares will be in the spotlight on Friday, May 15.
IT stocks target price: PL Capital gave a ‘Hold’ rating on LTM, issuing a target price of Rs 4,560. Meanwhile, HCL Technologies has been slapped with a ‘Reduce’ rating on the stock, pegging its target price at Rs 1,300.
The AI disruption fears came back to haunt the Dalal Street today as IT shares topped the losers list on both BSE and NSE.
IT shares: Aurionpro Solutions, Sonata Software, Rategain, Birlasoft, Silver Touch Technlogies, Persistent Systems and Happiest Minds shares slipped up to 9.84% in early deals.
TCS, Infosys, HCL Tech, Zensar Tech, KPIT Technologies, Wipro: Infosys shares trade near their 52-week low of Rs 1149.80 reached on April 28, 2026.
According to Ace Equity data, 475 stocks from BSE500 index managed to deliver positive returns in April 2026, with 20 stocks rising more than 40% in the month.
The IT stock tanked 10% with investors losing Rs 38,000 crore post Q4 results.
IT stocks dividend: India's largest IT firm, in its regulatory filing, TCS said that it has recommended a final dividend of Rs 31 per share of face value of Rs 1 each.
Five stocks, namely Infosys, ICICI Bank, TCS, Reliance Industries and HCL Technologies, contributed largely to the Sensex’s decline.




