Dharmesh Kant sees 5-10% more upside in IT stocks
In short
Dharmesh Kant of Chola Securities said India’s IT stocks could rise another 5-10%.
He said AI-related deal wins are helping offset weakness in normal tech spending. He prefers TCS, HCLTech and Tech Mahindra, but says this is a tactical trade, not a long-term call.
What the reporting says
Dharmesh Kant of Chola Securities said India's IT stocks could rise another 5-10%, with AI-related deal wins offsetting weakness in traditional technology spending. He described the move as a tactical trade rather than a long-term structural call and named TCS, HCLTech and Tech Mahindra as preferences. The report does not give a target date, price target, or company-specific earnings forecast.
Why it matters
Dharmesh Kant, head of research at Chola Securities, said Indian IT stocks may have another 5-10% upside as AI-related deal wins offset softer traditional technology spending. He named TCS, HCLTech and Tech Mahindra as preferred picks and framed the move as tactical rather than structural. The reporting also notes he discussed Urban Company, hospitals and banking, but gives no specific calls for those names.