CLSA downgrades TCS, Infosys: Picks 4 midcap IT stocks with up to 30% upside
- Posted on August 19, 2026
- By Financial Express
- 1 Views
- 1 min read
In brief
Leading brokerage CLSA has adopted a more cautious stance toward India's IT sector, downgrading major players TCS and Infosys amid shifting market dynamics. The firm identifies four mid-cap technology companies as superior investment opportunities, projecting potential gains of up to 30%. This strategic pivot reflects how artificial intelligence is fundamentally transforming enterprise technology spending patterns and reshaping competitive advantages within the Indian IT landscape.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
CLSA downgrades TCS, Infosys: Picks 4 midcap IT stocks with up to 30% upside
CLSA is turning selective on Indian IT stocks, favouring four mid-tier names as AI reshapes technology spending. Hexaware leads with the highest upside, while TCS, Infosys and other large players face near-term pressure.
