Anand Rathi flags Indian IT stocks as AI infrastructure beneficiaries
Anand Rathi, a well-known brokerage firm, thinks Indian IT stocks like Tech Mahindra, LTIMindtree, and Mphasis are worth a look.
The big reason? These companies have steady cash flow and lean business models, plus they're set to gain from the massive investments big tech is pouring into AI infrastructure.
Anand Rathi highlights stability and dividends
While global tech giants like Amazon Web Services (AWS) and Microsoft Azure keep growing, financial pressures are still very real.
That's where Indian IT firms shine, they offer stability with reliable dividends.
Anand Rathi also points out that companies like Tech Mahindra are bouncing back under CEO Mohit Joshi; LTIMindtree is showing strong large-deal execution and the Randstad acquisition; and Mphasis has strong ties to the banking sector, all good signs if you're thinking about where tech is headed next.