Tech Mahindra’s share price has been under the heat of the sell-off after entering the new year of 2022. Year-to-date (YTD), these IT stocks have fallen from approx ₹1784 to ₹1108 levels a piece, recording a decline of nearly 40 percent in this period. According to stock market experts, Tech Mahindra shares have been consolidating following heavy selling by FIIs. They said that like any other IT company, Tech Mahindra is also facing attrition and sale by FIIs. In March 2021, FII holdings in Tech Mahindra were around 39.5 percent, which fell to around 34.3 percent in March 2022. They added that there could be another dip in IT stocks and it could rise on the ₹1050 levels in the near future. However, they advised positional investors to accumulate Tech Mahindra shares ₹1,000 that ₹1,050 zones.