Persistent, Mphasis in focus as AI deals seen driving mid-cap IT recovery in H2

Is the frenzy around artificial-intelligence finally waning for the Indian IT sector? According to brokerage firm Anand Rathi Research, India’s mid-cap IT sector, which had a weak start to FY27 may show some recovery in the second half of FY27 due to AI-led opportunities.

“We continue to remain structurally positive on IT & expect enterprise software to monetise first through FY27; Services follow as deployment scales into FY28,” Anand Rathi noted.