Forget Infosys: These 3 Mid-Cap IT Stocks Are Winning the AI Race-and Growing Faster

It’s a trend that has been playing out for several quarters in the IT sector , which has also caught the attention of investors on Dalal Street. Mid-cap IT companies have reported a much faster growth in their revenues on a constant currency basis than larger peers like Infosys and HCL Tech in the June 2026 quarter (view table below). That’s because mid-cap IT companies have a strong focus on the fast growing AI-related projects coupled with recent overseas acquisitions in this segment. Of course, readers need to keep in mind that the revenues of mid-cap IT companies are much smaller than that of Infosys and HCL Tech. To help readers get greater insight on mid-cap IT stocks, we looked at companies with a market capitalization greater than Rs 40,000 crore and up to Rs 80,000 crore.