‹ All Posts
Palak Jain

11th Dec · SEBI-Registered Analyst

Infosys, Wipro, Tech Mahindra, TCS: IT stocks to buy, sell or hold

INFY
, Wipro, Tech Mahindra, TCS Share Price Target: Brokerage sentiment has remained mixed on Indian largecap IT companies with Citi reiterating its cautious stance on Wipro calling its margins aspirational at 17-17.5 per cent. On Infosys, the brokerage said that Q3 and Q4 would be weaker due to seasonality and that AI expectations from the company are high for a significant groundwork is needed. For Tech Mahindra, Citi said that the automotive vertical remains weak. Meanwhile, Morgan Stanley in its report on TCS, said that Coastal Cloud acquisition is expected to contribute less than 0.5 per cent of the company's total revenue growth. The transaction is expected to complete by January next year. Post acquisition, TCS will be among to 5 Salesforce advisory and consulting firms globally. Let's take a look at target price of Infosys, Wipro, Tech Mahindra and TCS below along with the brokerages' commentary:

#MacroViews#TrendingSectors#TechnicalViews#IndexStrategies#Today’sTradingSetup
788 likes·69 comments