New Delhi, May 12 -- For Indian IT stocks' investors, this has been a tough year. The Nifty IT pack is down 23% on a year-to-date (YTD) basis, eroding nearly Rs.7.34 lakh crore from investor wealth, as fears of AI-led disruptions following the launch of new tools from Anthropic and OpenAI have dented sentiments.

IT stalwarts like Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro and others are either at or close to 52-week low levels, but one lesser-known stock, Oracle Financial Services Software (OFSS), has emerged as an unlikely winner. The stock is up 20% so far this year, when IT bellwethers have slumped 25% or more. OFSS has also made its investors richer by Rs.13,551 crore.

At a time when other IT stocks are grappl...