Indian IT stocks emerge as ‘safe AI trade’ amid rising Big Tech spending; Anand Rathi prefers TechM, LTM, Mphasis

Anand Rathi sees Indian IT firms benefiting as rising AI infrastructure costs put pressure on global technology giants. It favors asset-light companies with strong cash generation, naming Tech Mahindra, LTIMindtree, and Mphasis as top picks.

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