1 / 10Indian benchmark indices Nifty 50 and Sensex hit fresh record highs of 26,310.45 and 86,055.86, respectively, on Thursday, November 27. While the indices have gained up to nearly 11% this year, so far, IT stocks have bucked the trend. The Nifty IT index has declined 13% in 2025, till date. Some mid-sized IT stocks are down up to 50% from their all-time highs. while largecap stocks are down up to 30% from their respective record high. However, certain midcap IT names have been outperformers. Here’s a look at the performance of these companies:
2 / 10Tata Elxsi | This midcap stock from the Tata Group is down 51% from its all-time high of ₹10,760 per share. It has declined 22.6% this year, so far. In constant currency terms, Tata Elxsi’s growth has contracted from 34.3% in the financial year 2022, to 3.1% in FY25.
3 / 10Tata Technologies | This is the second midcap stock from the Tata Group that has declined 51% from its post-listing high of ₹1,400 per share. The stock is down 23.7% so far year-to-date.
4 / 10KPIT Tech | The stock has declined 38% from its record high of ₹1,928 per share. The stock is down nearly 19% on a year-to-date basis.
5 / 10L&T Technology Services | The stock is down 29% from its all-time high of ₹6,000 per share. It is down 7.2% this year so far. The mentioned engineering research and development companies have struggled because growth rates have declined sharply.
6 / 10Wipro | Bengaluru-based Largecap IT stock Wipro is 32% from its record high of ₹369.9 apiece. On a year-to-date basis so far, shares have corrected by 17%.
7 / 10TCS | TCS also features among the worst performing stocks on the Nifty 50 index from its previous September 2024 peak. So far, TCS shares are down 31% from their all-time high of ₹4,592 apiece. This year so far, the stock has corrected over 23%.
8 / 10Infosys | Shares of India’s second-largest IT services company have corrected 22% from their record high levels of ₹2,006. The largecap IT stock is down nearly 17% so far in 2025.
9 / 10HCLTech | The stock is down 20% from its record high of ₹2,012 apiece. It has declined 15% in 2025, so far.
10 / 10Midcap IT outperforms | The outliers within this space have been the top performers from within Midcap IT. Shares of Coforge and Persistent Systems, are down 6% each from their record highs of ₹2,005 and ₹6,788, respectively, emerging as outperformers compared to their peers, largely due to better growth. Coforge has gained 139% in the last three years, while Persistent has gained 230% in the same period.
