Anand Rathi favors TechM, LTIMindtree, Mphasis on AI spend
In short
Anand Rathi says some Indian IT stocks could benefit from rising AI spending. It named Tech Mahindra, LTIMindtree and Mphasis as its top picks.
The view is that higher AI infrastructure costs may squeeze big global tech firms and make some Indian IT companies look safer.
What the reporting says
Anand Rathi has said Indian IT firms may benefit as rising AI infrastructure costs pressure global technology giants. The brokerage prefers asset-light companies with strong cash generation and named Tech Mahindra, LTIMindtree and Mphasis as its top picks. The call frames Indian IT stocks as a potential safer way to play AI spending trends, though no target prices or earnings estimates were provided.
Why it matters
Anand Rathi’s note highlights Indian IT companies as a possible beneficiary of higher AI infrastructure spending, which it says could pressure global technology giants. It specifically prefers Tech Mahindra, LTIMindtree and Mphasis because they are asset-light and generate cash well.