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IT Stocks Near 52-Week Lows Ahead of Earnings
Several technology company shares fell sharply on Tuesday.
Infosys, Wipro, KPIT Technologies and Tata Elxsi reached their lowest prices in a year.
This happened before companies were expected to report their September 2026 quarter results.
The Nifty IT index fell 11% during September.
The broader Nifty 50 index fell by 6% over the same period.
Analysts said companies are facing weaker global growth and high interest rates.
These conditions have caused some clients to postpone optional technology spending.
Analysts are therefore favoring companies whose future earnings appear more predictable.
Infosys, Wipro, KPIT Technologies and Tata Elxsi recorded 52-week lows on the NSE.
The stocks came under pressure ahead of September 2026 quarter, or Q2FY26, earnings.
The Nifty IT index fell 11% in September, compared with a 6% decline in the Nifty 50.
IRFC, ACC, Ambuja Cements and ITC also traded near their 52-week lows.
Slowing global growth and high interest rates have prompted clients to delay discretionary technology spending.
- Who
- Infosys, Wipro, KPIT Technologies, Tata Elxsi and other listed companies.
- What
- Several IT stocks traded at or near 52-week lows, while the Nifty IT index underperformed the broader market.
- Where
- On the National Stock Exchange and in Indian equity markets.
- When
- Tuesday, September 29, ahead of September 2026 quarter earnings.
- Why
- Slowing global growth, persistently high interest rates and delayed discretionary technology spending pressured the sector.
Key facts
- Nifty IT performance
- Down 11% so far in September 2026.
- Nifty 50 performance
- Down 6% over the same period.
- Stocks recording 52-week lows
- Infosys, Wipro, KPIT Technologies and Tata Elxsi.
- Other stocks near 52-week lows
- IRFC, ACC, Ambuja Cements and ITC.
- Nifty 50 level
- 22,716.20, down 64 points from the previous close.
- Sensex close
- 72,529, after falling 242 points.
- Analyst preference
- Companies with better earnings visibility.
Sources
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