Not Adani, Not Reliance: The 3 mid-cap stocks building India’s Rs 10,300 crore sovereign AI backbone
- Posted on February 20, 2026
- By Financial Express
- 27 Views
Not Adani, Not Reliance: The 3 mid-cap stocks building India’s Rs 10,300 crore sovereign AI backbone

AI fears are dragging traditional IT stocks lower. But beneath the noise, a new set of infrastructure and platform players is riding the AI spending wave. Here’s where the real play may be building.