Nifty IT Stocks: Several heavyweight Nifty IT stocks are currently trading at or close to their 52-week lows, highlighting the sustained pressure on the sector after a prolonged period of underperformance.

The correction across frontline and mid-tier IT companies came on the heels of AI-driven restructuring. Nifty 50 has fallen 2.07 per cent in the past month compared to Nifty 50's gain of 5.04 per cent in the same period.

Infosys, one of the sector bellwethers, is trading virtually at its 52-week low, having fallen more than 33 per cent from its 52-week high of Rs 1,728. Despite the sharp correction in share price, the company declared a higher dividend of Rs 48 for FY26, up from Rs 43 in FY25, highlighting stable cash flow through dividend, even as valuations have reset.

A similar pattern is visible across other large IT players. Tata Consultancy Services (TCS) is around 32 per cent below its 52-week high of Rs 3,630, though its current price is about 4 per cent above its yearly low. The company announced a dividend of Rs 110 for FY26, slightly lower than the Rs 126 paid in FY25, reflecting a more cautious capital payout stance amid uncertain demand conditions.

HCL Technologies is also trading nearly 33 per cent below its 52-week peak, hovering just above its yearly low. Dividend payouts moderated marginally, with Rs 54 declared in FY26 compared with Rs 60 in FY25.

As of today, Infosys commands a market capitalisation of about Rs 4.67 lakh crore, reflecting its position as one of India's largest IT services exporters. Tata Consultancy Services (TCS) remains the most valuable IT company in the country, with a market cap of nearly Rs 8.87 lakh crore, underscoring its scale and leadership in the sector. HCL Technologies follows with a market capitalisation of around Rs 3.26 lakh crore, highlighting its strong presence among the top-tier Indian IT firms.

Tech Mahindra, down over 25 per cent from its 52-week high, saw a sharper reduction in dividend to Rs 15 in FY26 from Rs 45 the previous year, mirroring the impact of slower recovery in communication and enterprise spending.

Among mid-cap names, the correction has been equally visible. Persistent Systems is down more than 28 per cent from its 52-week high, while LTIMindtree is trading over 32 per cent below its peak levels. Both companies announced lower dividends for FY26 compared with FY25,

Wipro, often viewed as a defensive large-cap IT name, is trading nearly 26 per cent below its 52-week high, only 8.5 per cent above its yearly low. The company increased its dividend to Rs 11 in FY26 from Rs 7 in FY25, offering some support to total shareholder returns amid muted stock performance.

One notable exception in dividend trajectory is Oracle Financial Services Software, whose share price remains well above its 52-week low but is still about 6 per cent off its peak. The company announced a sharply higher Rs 395 dividend for FY26, compared with Rs 240 in FY25.

Coforge represents one of the steepest corrections among peers, trading over 40 per cent below its 52-week high, while Mphasis is down nearly 26 per cent from its peak, though closer to its annual low. Dividend payouts in these names have largely been maintained or modestly adjusted, reflecting differentiated balance-sheet strategies across the sector.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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