Mid, small-cap IT firms extend lead over biggies

Mid and small-cap IT services firms continued to outshine their larger counterparts in the fourth quarter and full financial year of FY25, a trend analysts believe is set to continue through FY26. The shift marks a significant departure from historical norms where tech giants such as Tata Consultancy Services (TCS), Infosys, and HCL Technologies typically led the growth charts.

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