Indian IT Stocks Face 2026 Correction Amid AI Concerns but Show Potential Upside

Indian IT stocks, including Infosys, HCLTech, LTIMindtree, Persistent Systems, and Mphasis, have faced a significant correction in 2026 amid concerns over AI's impact, weaker global discretionary spending, and tighter visa rules. However, brokerages like Anand Rathi and Kotak Neo highlight attractive valuations and a shift toward AI service demand, projecting potential upside of up to 29%. Experts recommend focusing on large-cap firms such as Infosys and TCS, while expressing caution on underperformers like Wipro.