Not TCS or Infosys! These IT stocks rally up to 27% from March rout - Do you hold any?

IT Stocks: Indian IT stocks have shown a broad-based recovery in recent weeks, with strong momentum across mid-cap and large-cap names. Most stocks have rebounded 10–27 per cent from their March 2026 lows.

The trend suggests that while the sector is still recovering from earlier AI-led fears and valuation pressure, buyers are gradually returning, betting on earnings stability and selective AI-driven opportunities in the IT space.

The move came amid broad-based buying across large-cap and mid-cap IT names. Several stocks posted strong daily gains along with solid monthly performance, indicating sustained recovery momentum in recent weeks.

Oracle Financial Services Software performance

Oracle Financial Services Software is up 4.61 per cent for the week and 17.71 per cent for the month. It remains down about 24.2 per cent from its 52-week high of Rs 9,950 (11 September 2025) but is up about 21 per cent from its 52-week low of Rs 6,234.50 (17 March 2026).

Coforge Limited gains strong momentum

Coforge is up 1.38 per cent for the week and 18.67 per cent for the month. The stock is still down about 35.7 per cent from its 52-week high of Rs 1,994 (08 July 2025) but has recovered about 27.2 per cent from its 52-week low of Rs 1,008.10 (17 March 2026).

Mphasis and LTIMindtree rise

Mphasis is up 0.87 per cent for the week and 15.61 per cent for the month. The stock is down about 20.7 per cent from its 52-week high of Rs 3,037.20 (18 September 2025) and up about 19.7 per cent from its 52-week low of Rs 2,013 (30 March 2026).

LTIMindtree gained 1.27 per cent for the week and 10.05 per cent for the month. The stock is down about 28.0 per cent from its 52-week high of Rs 6,429.50 (19 January 2026) and up about 15.7 per cent from its 52-week low of Rs 4,000 (30 March 2026).

Wipro and Tech Mahindra advance

Wipro rose 3.51 per cent for the week and 7.63 per cent for the month. The stock is down about 23.2 per cent from its 52-week high of Rs 273.10 (22 December 2025) and up about 12.5 per cent from its 52-week low of Rs 186.50 (30 March 2026).

Tech Mahindra gained 1.40 per cent for the week and 10.64 per cent for the month. The stock is down about 20.0 per cent from its 52-week high of Rs 1,854 (03 February 2026) and up about 16.3 per cent from its 52-week low of Rs 1,275.90 (17 April 2025).

TCS and Infosys movement

Tata Consultancy Services is down 1.40 per cent for the week but up 5.96 per cent for the month. The stock is down about 29.6 per cent from its 52-week high of Rs 3,630.50 (12 May 2025) and up about 8.9 per cent from its 52-week low of Rs 2,346.20 (30 March 2026).

Infosys Limited is down 2 per cent for the week and up 4.42 per cent for the month. The stock is down about 24.5 per cent from its 52-week high of Rs 1,728 (03 February 2026) and up about 7.4 per cent from its 52-week low of Rs 1,215.10 (19 March 2026).

Persistent Systems and HCL Technologies

Persistent Systems is up 0.34 per cent for the week and 18.35 per cent for the month. The stock is down about 16.8 per cent from its 52-week high of Rs 6,599 (23 December 2025) and up about 23.4 per cent from its 52-week low of Rs 4,449.10 (02 March 2026).

HCL Technologies is down 1 per cent for the week and up 9.16 per cent for the month. The stock is down about 18.5 per cent from its 52-week high of Rs 1,780.10 (03 February 2026) and up about 11.8 per cent from its 52-week low of Rs 1,297.70 (17 March 2026).

Overall sector recovery and AI-led narrative

Overall, the data shows that most IT stocks have recovered meaningfully from their March 2026 lows. At the same time, they continue to trade below their recent 52-week highs, indicating that the sector is still in a partial recovery phase rather than a full return to peak levels.

In a separate development, a Motilal Oswal report highlighted a new AI model preview from Anthropic named “Mythos”, which is focused on advanced cybersecurity and code analysis capabilities. The report noted that Mythos is being deployed in a controlled programme called Project Glasswing, involving select global enterprises and technology firms.

The model has been positioned as highly advanced in identifying and fixing cybersecurity vulnerabilities. According to the report, it has demonstrated stronger performance than earlier models, including Claude Opus, in coding and cybersecurity benchmarks. It has also been reported to detect long-standing software vulnerabilities that had remained unnoticed for years.

Project Glasswing is described as a controlled deployment aimed at testing and securing advanced AI capabilities before wider release, given that the system can both identify and potentially exploit vulnerabilities.

The report also stated that Mythos reflects a broader shift in AI development toward domain-specific models, particularly in areas such as cybersecurity and enterprise code systems. It further noted that large enterprises continue to face challenges in AI adoption due to legacy systems and complex infrastructure.