The turmoil in the tech stocks continue and the Nifty IT Index is down over 3% close to 8-month lows and has declined over 5% in 2025 so far. The key tech sector Index is around 15% away from its 52-week lows. However, some stocks in the Nifty IT Index are now down over 20% in 2025 so far.
Five 5 tech stocks that plunged over 20% in 2025
The share price of several Index stocks from the tech sector have clocked double digit losses in 2025 so far but here are 5 stocks that saw the maximum damage.
ALSO READThree reasons Indian Tech stocks are plunging: What investors need to know MphasiS down 23.74% in 2025 so far
The MphasiS share price has been under significant pressure, down over 4% intra-day on March 12. For 2025 so far, it has had a rather rough ride with over 20% decline. In the last one month, the stock is down 18%. Kotak Institutional Equities had put a ‘Reduce’ rating on the stock earlier in March on concerns about slower-than-expected recovery in discretionary spends and uneven recovery in some few verticals. Possible disruption from AI adoption of enterprises is another key concern for the sector. The outlook of global companies implies a modest improvement in 2025. This is also weighing on investor sentiment on worries about revenue outlook for Indian IT companies as a result. The
Coforge down 23.71% in 2025 so far
Coforge is another big loser in trade today, down over 4% intra-day in March 12 and clocking 9% decline in last 1 month In 2025, the stock is down well over 23%. However, Morgan Stanley has an Overweight rating. However, Morgan Stanley has reduced the target price significantly to Rs 9,400 per share from Rs 11,500/share. They are betting on Coforge’s scalability potential even as revenue growth and valuation multiples are polarising.
Persistent Systems down 21.27% in 2025 so far
Persistent Systems is down close to 3% in trade today. The share price has been battered in the last 1 month, down 10% and in 2025, it has clocked over 20% erosion in share value. Global brokerage house, CLSA has however identified this stock as potential multibagger on the basis of long-term potential. The CLSA report highlighted that the strong growth trajectory with over $1.43 billion revenue inflow.
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