
Aug 25, 2026
✦cnbctv18
UBS prefers Tier-2 IT stocks over Tier-1; upgrades Coforge, Mphasis and Tech Mahindra
Global brokerage firm UBS prefers Tier-2 IT stocks over Tier-1 peers, citing better growth and valuation opportunities. The firm upgraded Coforge, Mphasis, and Tech Mahindra to 'Buy' ratings. UBS said it remains selective on the sector because AI-related revenues still account for a relatively small share of overall industry revenue.