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Midcap IT vs Large Caps: UBS upgrades 3, sees up to 27% upside

Posted on August 26, 2026
By Financial Express
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1 min read

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Midcap IT vs Large Caps: UBS upgrades 3, sees up to 27% upside

UBS is reshuffling its Indian IT bets, upgrading Coforge, Mphasis and Tech Mahindra while cutting HCLTech and Persistent. The brokerage sees up to 27% upside as it favours selective midcap IT opportunities over larger peers.