IT Stocks Near Bottom? Buy The Dip Or Wait For A Catalyst? Experts' Take On Infosys, TCS

Infosys has hit its lowest level since May 2024, plunging nearly 36% from its recent highs, raising red flags for retail investors. Is the pain in IT stocks likely to continue, or is this the perfect time to go contrarian? In this edition of Market Today on Business Today TV, technical expert Mitesh Panchal breaks down the chart patterns of Infosys and Nifty IT. He believes the sector is nearing a bottom, with signs of a double bottom formation both in Infosys and the broader Nifty IT Index — making it a strong contrarian buying opportunity. He’s already deployed 30% of his capital into names like Infosys, TCS, and Wipro.

Meanwhile, Chakri Lokapriya, CIO at LGT Wealth, shares a valuation-based view. He points out that while both Infosys and TCS are debt-free with billions in cash, they’re still trading at 24–25x forward earnings. With limited downside left, Chakri Lokapriya says what the sector now needs is a growth catalyst to drive a meaningful rebound. Until then, investors may continue to feel some pressure.

So, is it time to bottom fish in IT? Should you allocate a third of your IT portfolio now? Watch the full discussion to get all the answers!