AI Infrastructure is Entering a Multi-Year Boom: 4 Stocks to Watch

Next on our list is the stock of Netweb Technologies India.

The company is one of India's leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities.

The company's HCS offering comprises HPC, Private cloud and (HCI), AI systems and enterprise workstations, High performance storage (HPS) and Data Centre Servers.

Netweb isn't just a typical IT services firm - it designs, manufactures and deploys high-end computing systems that power AI workloads. This includes:

GPU-accelerated AI servers and AI systems optimized for training and inference.

Supercomputing /HPC systems used for large-scale AI, scientific and research computing.

Private & hybrid cloud infrastructure, storage, and data-center servers - all core building blocks of AI backends.

How the AI boom is driving growth at Netweb Technologies

AI is now driving revenues at the company. According to a recent investor concall, the management of the company highlighted the fact that the AI system segment contributed to 64% of Q3 FY26 revenue and 48% of 9-month FY26 revenue.

Netweb Technologies India has also secured Rs 17.34 bn strategic order to power India's Sovereign AI Infrastructure.

This deployment will mark a pivotal milestone in India's journey to build sovereign AI infrastructure.

It will enable the development and deployment of indigenous large multimodal models, domain-specific foundational models, and scalable AI solutions for socio-economic transformation. The initiative also aims to support deep-tech AI startups to nurture innovation.

The management has highlighted that Netweb's continued focus would be on its three strategic growth pillars, HPC, Private Cloud and AI systems capitalise on strong industry tailwinds.

On the financial front, the company's operating income for Q3 FY26 stood at Rs 8,049 m, a growth of 141% YoY. The operating EBITDA for Q3 FY26 stood at Rs 979 m, a growth of 127.1% YoY with a margin of 12.2%.

Profit after tax for Q3 FY26 stood at Rs 733 m, a growth of 146.7% YoY with a margin of 9%.

The company is a zero net debt company. This apart, Netweb Technologies had net free cash of Rs 1,900.8 m as on 31 December 2025.

The order book of the company is very robust with organic order book at Rs 5,258 m and strategic order book at Rs 17,336 m. This order book along with strong pipeline positions the company for strong sustained growth over the next few years.

In the past five trading sessions, Newteb Technologies India shares have gained to Rs 3,204 from Rs 3,069.

The stock touched its 52-week high of Rs 4,480 on 8 October 2025 and a 52-week low of Rs 1,278.85 on 7 April 2025.

To know check the Netweb Technologies India fact sheet and latest quarterly results.

#3 Tata Consultancy Services 9TCS)

Next on our list is the stock of Tata Consultancy Services.

TCS is gradually shifting from being just a software provider to a major player in physical AI infrastructure.

How TCS is creating AI infra to drive growth

TCS is creating AI infrastructure through a full-stack approach that bridges the gap between hardware (data centers) and software (agentic AI).

Here is how they are doing it:

TCS has entered into a strategic partnership with TPG, a leading global alternative asset management firm to support the growth of its AI data center business, HyperVault.

This investment will support HyperVault's GW-scale AI-ready infrastructure build and aligns with TCS' plan to create AI-ready data centers with capacity in excess of a GW over the next few years.

This partnership marks a significant milestone in TCS' ambition to become the largest AI-led technology services company.

TCS' HyperVault will be funded through a mix of equity from TCS and TPG, and debt. Both partners combined, will commit to invest up to Rs 180 bn over the next few years.

Out of the total commitment of up to Rs 180 bn, TPG will invest up to Rs 88.2 bn and is envisaged to have final shareholding between 27.5% and 49% in HyperVault.

Bringing in TPG as a strategic investment partner will help TCS drive stronger returns, reduce its capital outlay, and create long-term value for the data center platform.

On the financial front, for Q3 FY26 the company reported revenues of Rs 670.87 bn, up 2% QoQ. Annualised AI Services revenue stood at US$ 1.8 bn; up 17.3% QoQ in constant currency.

The operating margin for Q3 FY26 was stable sequentially at 25.2%. Net income of the company at Rs 134.38 bn, was up 8.5% YoY. The Q3 total contract value (TCV) at US$ 9.3 bn was marginally lower.

Moving ahead, while the IT services business is facing threats of a slowdown, TCS is essentially trying to become a "one-stop shop" where a company can buy the hardware, the cloud space, and the software to run their entire AI operation.

In the past five trading sessions, TCS shares have fallen to Rs 2,755 from Rs 2991.

The stock touched its 52-week high of Rs 4,020 on 12 February 2025 and a 52-week low of Rs 2,740.15 on 12 February 2026.

To know check the TCS fact sheet and latest quarterly results.

#4 Anant Raj

Anant Raj Limited is rapidly pivoting from a traditional real estate developer to a leading provider of utility-grade AI infrastructure in India.

Through its subsidiary, Anant Raj Cloud, the company is leveraging its massive land bank to build high-density, energy-efficient data centers specifically designed for GPU-intensive AI workloads.

How Anant Raj is driving India's Ai story

In February 2026, Anant Raj Cloud entered a landmark collaboration with Submer. The collaboration enables the rapid deployment of high-density, energy-efficient computing platforms designed to support sovereign and enterprise AI workloads at scale.

The collaboration strengthens a single, accountable source for AI datacenter design, build and scalable operation.

Combined with Submer's neocloud and inference platform, InferX, the partnership enables customers to access AI-ready infrastructure and compute through a unified, end-to-end model aligned with India's sovereignty requirements.

The company is rapidly expanding its existing data centers as well. The second data center facility at Panchkula was operationalised in Q3 FY26 with a capacity of 7 MW IT load and Manesar facility was enhanced to 21 MW IT load capacity.

The expansion of cloud services ("Ashok Cloud") infrastructure as a service, at Manesar & Panchkula is in advance stage of operationalisation.

Further, the company has also signed an MoU with the government of Andhra Pradesh for setting up additional data center capacity of 50 MW IT Load.

With this plan, the total planned data center capacity will reach to 357 MW IT Load, mix of Colocation and Cloud Services, out of which 117 MW IT Load will commence by FY28.

On the financial front revenues for Q3 FY26 were placed at Rs 6,415.9 m, up 20% YoY. Revenue from Data Center, Infrastructure and Allied services stood at Rs 435.7 m.

The net profits grew 30.68% YoY to Rs 1,442.3 m.

On the real estate side of the business, The Estate One (Group Housing 2 project) on Golf Course Extension Road Gurugram over 5.09 acres is on track for launch in Q4 FY26.

Anant Raj has commenced Phase IV of the Anant Raj Estate having an additional project area of 6.075 acres with potential development of 5 lakh sq. ft.

With a solid land bank and rapid progress of its AI data centre business, the company is expected to do well going ahead.

In the past five trading sessions, Anant Raj shares have gained to Rs 548 from Rs 541.

The stock touched its 52-week high of Rs 744.1 on 7 October 2025 and a 52-week low of Rs 366.15 on 7 April 2025.

To know check the Anant Raj fact sheet and latest quarterly results.

Should You Consider Stocks Associated with AI Infrastructure?

The country is rapidly expanding its digital backbone-data centers, cloud compute, high-performance servers and networking-driven by massive capital commitments from global tech giants and government initiatives to build AI capacity.

Indian companies that provide the hardware, connectivity, power and cooling systems supporting AI workloads could benefit from this structural growth.

However, the sector can be volatile. Traditional IT stocks have recently underperformed amid fears of AI disruption and broader market headwinds, and investments in infrastructure often require heavy capital with fluctuating near-term profitability.

Considering AI infrastructure stocks in India may make sense as part of a diversified, long-term strategy, but it carries execution and market-timing risks and should be weighed against broader economic and company-specific fundamentals.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...