Infosys Scores 57, Wipro 46, Two IT Stocks After a 30% Drop

Infosys and Wipro have each dropped about 30% over the past year as AI disruption fears hit India's IT services sector. The question is whether the sell-off has gone far enough to make the stocks interesting again.

AlphaScala's scoring system offers one lens. Infosys earns a 57 out of 100, tagged "Moderate" – a middle-tier read that suggests the market's AI concerns are partially reflected in the price but not fully discounted. The score sits above the 50 midpoint, meaning the fundamentals still carry more weight than the headline risk for now.

Wipro scores lower at 46, labelled "Mixed" by the same model. The gap between the two reflects differences in margin structure, revenue quality, and exposure to lower-margin legacy contracts that AI is most likely to disrupt first. Wipro has more work to do proving its digital pivot has durability.

For contrast, HDFC Bank – not an IT name but part of the same large-cap Indian index – scores 45 ("Mixed"). Its risks run through margin compression and loan growth, not AI. The two sectors illustrate very different kinds of uncertainty priced into the same benchmark.

The next reading on Infosys comes with the quarterly report, due in the coming weeks. Deal wins and attrition data will matter more than revenue growth alone. The market already expects the top line to reflect the AI headwind. The real signal is whether the company is winning the work that replaces what automation takes away.