HCLTech, Coforge Shine Among Motilal Oswal’s Top AI Picks — Check Full List

While near-term demand remains muted due to furloughs and deferred deals, the groundwork for AI-led transformation is accelerating. Partnerships between leading LLM providers like OpenAI and Anthropic with IT majors such as Accenture, Cognizant, and HCLTech signal that the AI services layer is taking shape, reaffirms Motilal Oswal in this report..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Motilal Oswal has reaffirmed its bullish stance on the Indian IT sector, citing early signs of an enterprise-level AI services inflection and strategic partnerships between global tech giants and system integrators. The brokerage believes the sector has bottomed out and is poised for a multi-year rerating, driven by generative AI (GenAI) adoption..Motilal Oswal's top picks to play the next AI wave: Hexaware and Coforge in mid-tier and HCLTech and Tech Mahindra in large-caps..Valuation and View Motilal Oswal believes that the IT sector has reached its bottom, with risks now skewed toward the upside. Current valuations are considered to have already factored in the prevailing status quo, including GenAI-led deflation and muted demand. Analysis indicates that if the anticipated recovery unfolds as expected, significant gains could be realized.Growth estimates have been upgraded to reflect this outlook, with improvements projected to start appearing in reported numbers during the second half of FY27 and to take full shape by FY28 as enterprises transition to full-scale AI deployments. In line with this, target prices have been rolled over to FY28E EPS, and valuation multiples have been raised by approximately 20%. .Click on the attachment to read the full report:.Astra Microwave Rated 'Buy' By Motilal Oswal On Coverage Initiation — Check Target Price, Upside Potential.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HCLTech, Coforge Shine Among Motilal Oswal’s Top AI Picks — Check Full List

Traditional demand may remain soft in the next 3-4 months, but signs of an AI-services inflection at the enterprise level are already visible, says Motilal Oswal.

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