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Infosys, LTIMindree, Coforge Among IDBI Capital's Preferred Stocks In IT Services After Q3 Results— Here's Why

The brokerage recommends 'Buy' Sonata, Coforge, 'Hold' TCS, Wipro among other stocks -Here's Why

<div class="paragraphs"><p>Indian IT companies are heavily investing in GenAI capabilities, launching multiple platforms and collaborating closely with hyperscalers on GenAI initiatives.</p><p> (Photo Source: Freepik)</p></div>
Indian IT companies are heavily investing in GenAI capabilities, launching multiple platforms and collaborating closely with hyperscalers on GenAI initiatives.

(Photo Source: Freepik)

A surge in AI deals is prompting firms to scale their capabilities and workforce. It is likely that companies may pass on AI deal benefits to clients in the near term, potentially impacting revenue. Despite this, improving demand and green shoots in IT and AI spending present strong opportunities.
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