New Delhi, May 22 -- Indian IT stocks have remained under intense selling pressure over the past year amid global macroeconomic headwinds, muted earnings growth, and mounting concerns over the disruptive impact of Artificial Intelligence (AI) on traditional outsourcing models.

Most frontline IT stocks have delivered negative returns over the past year and since the start of 2026. The Nifty IT index has declined more than 23% year-to-date (YTD), significantly underperforming the benchmark Nifty 50, which has fallen 9% during the same period.

Among Nifty IT constituents, LTIMindtree emerged as the biggest laggard, plunging over 33% YTD and nearly 20% over the past year. On a YTD basis, shares of HCL Technologies have fallen 28%, Tata Cons...