4 Mid-Cap IT Stocks Involved in AI and Data Centres to Keep on Your Radar

SYNOPSIS: Persistent Systems, Coforge, Mphasis, and L&T Technology Services are midcap IT firms focused on AI, cloud, and data center-driven digital transformation. They help enterprises adopt generative AI, automation, and cloud migration, with strong revenue growth supported by rising hyperscaler demand and India’s expanding digital infrastructure ecosystem.

Artificial Intelligence (AI) is rapidly reshaping the global technology landscape, driving strong growth for IT services companies. As enterprises increase spending on AI, cloud, data modernisation, automation, and digital transformation, midcap IT firms are gaining traction due to their agility and niche expertise. 

At the same time, India’s data centre capacity is expected to more than double in the coming years, with investments projected to exceed ₹2 lakh crore by 2030. Capacity is set to rise from around 1.3 GW to over 3 GW, driven by hyperscalers like Microsoft, AWS, and Google Cloud, along with domestic players such as Yotta and AdaniConnex. This expansion is strengthening the digital infrastructure backbone and boosting demand for cloud, data engineering, and infrastructure services.

Together, AI adoption and rapid data centre growth are creating a strong long-term opportunity for midcap IT companies. While traditional services may face pricing pressure, firms that successfully integrate AI into their delivery models and align with cloud and data infrastructure trends are better positioned for sustained growth. Here is the list of stocks involved in AI and Data Center

Persistent Systems Ltd

With a market capitalisation of Rs. 68,226.88 crores in the day’s trade, the shares of the company rose upto 1.1 percent, making a high of Rs. 4,346.35 per share compared to its previous closing price of Rs. 4,298.25 per share.

Persistent Systems Limited is a global digital engineering and enterprise modernisation company that helps organisations transform into software-driven, cloud-native enterprises. The company focuses on building and modernising AI-powered platforms, data-intensive applications, and distributed cloud infrastructure across industries such as banking, healthcare, telecom, and life sciences.

In the AI space, Persistent works on enterprise adoption of Generative AI, machine learning systems, and intelligent automation, integrating these capabilities into existing business workflows. Its work typically spans data engineering, model deployment, and application modernisation rather than core AI model research.

On the cloud and data centre modernisation side, the company enables large enterprises to shift from legacy, hardware-heavy environments to hyperscaler-led cloud and hybrid architectures. This includes workload migration, DevOps transformation, database modernisation, and management of complex multi–data center environments to support scalable, secure, and high-performance computing.

The company’s revenue rose by 25.10 percent from Rs. 3,242 crores in Q4FY25 to Rs. 4,056 crores in Q4FY26. Meanwhile, Net profit rose from Rs. 396 crores to Rs. 529 crores in the same period.

Coforge Ltd

With a market capitalisation of Rs. 63,076.69 crores in the day’s trade, the shares of the company rose upto 0.6 percent, making a high of Rs. 1,500.85 per share compared to its previous closing price of Rs. 1,491.70 per share.

Coforge Limited is an IT services and digital engineering company focused on application modernisation, cloud transformation, data engineering, and enterprise platform services across industries such as banking, insurance, travel, healthcare, and government. The company helps enterprises migrate legacy systems to cloud environments and build scalable digital applications using cloud-native and DevOps practices.

In AI and data services, Coforge implements machine learning, intelligent automation, and generative AI solutions primarily by integrating third-party AI platforms. Its offerings include document processing, predictive analytics, conversational AI, and workflow automation built on enterprise data engineering and governance frameworks.

The company’s revenue rose by 30.5 percent from Rs. 3,422 crores in Q4FY25 to Rs. 4,450 crores in Q4FY26. Meanwhile, Net profit rose from Rs. 307 crores to Rs. 666 crores in the same period.

Mphasis Ltd

With a market capitalisation of Rs. 41,435.54 crores in the day’s trade, the shares of the company rose upto 0.09 percent, making a high of Rs. 2,211.00 per share compared to its previous closing price of Rs. 2,208.90 per share.

Mphasis Limited is a global IT services and digital transformation company focused on cloud and cognitive services, application development, and infrastructure modernisation. It serves industries such as banking, financial services, insurance, healthcare, and logistics, helping enterprises modernise legacy systems and build scalable digital platforms using its Front2Back transformation approach.

In the AI space, Mphasis delivers cognitive computing, machine learning, generative AI, and automation solutions that enhance decision-making, customer experience, and operational efficiency. Its AI strategy is primarily enterprise-focused, combining integration of hyperscaler and third-party AI platforms with proprietary accelerators and frameworks such as TruAI to enable domain-specific solutions.

In practice, Mphasis works on transforming traditional on-premise data centers into hybrid and cloud-based infrastructures by migrating workloads to platforms such as AWS, Azure, and Google Cloud, and re-architecting legacy applications into cloud-native systems.

The company’s revenue rose by 14.36 percent from Rs. 3,710 crores in Q4FY25 to Rs. 4,243 crores in Q4FY26. Meanwhile, Net profit rose from Rs. 446 crores to Rs. 510 crores in the same period.

L&T Technology Services Ltd

With a market capitalisation of Rs. 33,248.26 crores in the day’s trade, the shares of the company rose upto 1.4 percent, making a high of Rs. 3,175.95 per share compared to its previous closing price of Rs. 3,132.05 per share.

L&T Technology Services Limited is a global engineering and R&D services company that provides design, development, testing, and digital engineering solutions across industries such as automotive, aerospace, telecom, industrial products, and healthcare. It focuses on helping enterprises accelerate product development and build connected, software-driven engineering systems.

In the AI space, LTTS works on technologies such as generative AI, machine learning, computer vision, and predictive analytics. These capabilities are applied mainly to engineering and industrial use cases, including smart manufacturing, product design optimization, predictive maintenance, autonomous systems, and connected devices.

On the digital engineering side, LTTS supports cloud-enabled product architectures, IoT platforms, and data-driven engineering ecosystems. The company helps clients design and develop scalable, connected products and platforms, but it is not primarily a provider of traditional cloud infrastructure or data center services. Its focus remains on engineering R&D and embedded digital solutions rather than core IT infrastructure management.

The company’s revenue rose by 8.34 percent from Rs. 2,638 crores in Q4FY25 to Rs. 2,858 crores in Q4FY26. Meanwhile, Net profit rose from Rs. 310 crores to Rs. 333 crores in the same period.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 4 Mid-Cap IT Stocks Involved in AI and Data Centres to Keep on Your Radar appeared first on Trade Brains.