Kotak names TCS as top large cap pick but warns Infosys, Wipro face weak Q1 – Prefer 3 midcap IT stocks

Artificial intelligence is beginning to redraw the competitive landscape for India’s IT services industry, but Kotak believes the biggest winners may not be the traditional large-cap players. Instead, the brokerage said select mid-tier companies with stronger execution, healthy deal momentum and differentiated capabilities are better positioned to navigate an environment marked by AI-led pricing pressure, slowing discretionary spending and cautious client budgets.