Indian IT@Crossroads
Is it time to Reboot?
July 2, 2026
Social Share
Executive Summary
As of late February 2026, India’s IT services sector is navigating its steepest valuation correction since the 2008 global financial crisis triggered by the launch of advanced autonomous AI agents including Anthropic’s Claude 4.5 and Claude Code.
This report provides a analysis of six IT companies — TCS, Infosys, HCL Technologies, LTIMindtree, Persistent Systems, and Coforge
Indian IT: Stocks Under AI Pressure
The valuation landscape highlights key metrics, showcasing premium valuations of large IT co’s TCS, Infy, HCLTech, LTIM and mid-tier firms Persistent and Coforge in comparison to global peers Accenture, Capgemini, Cognizant within the IT sector.
Valuation Snapshot & Technical Levels
Nifty IT Index @Death Cross
Where each company Dominates
Ongoing Monitoring
This analysis reflects conditions as of March 28, 2026. Given the dynamic nature of global energy markets, stakeholders should maintain continuous monitoring of crude price developments and adjust strategies accordingly. ESPIRT will continue to provide updated analyses as market conditions evolve.
