This study aims to conduct a comprehensive fundamental analysis of selected companies in the Nifty IT Index to evaluate their financial health, performance trends, and investment potential. The research employs key financial metrics such as profitability ratios, liquidity ratios, leverage ratios, and valuation ratios to assess the intrinsic value of IT stocks. By analysing macroeconomic indicators, industry dynamics, and company-specific financial data from FY2020 to FY2024, the study provides insights into the operational efficiency, market valuation, and overall stability of leading Indian IT firms. The analysis highlights companies with strong fundamentals, such as TCS and Infosys, while also identifying potential risks and investment opportunities. This research serves as a valuable resource for investors, analysts, and academicians seeking to make informed decisions in the Indian IT sector.