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UBS prefers Tier-2 IT stocks over Tier-1; upgrades Coforge, Mphasis and Tech Mahindra
Aug 25, 2026
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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.

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