Jan 13, 2017 04:23 PM IST | Source: CNBC-TV18

See 15% upside in TCS, Infosys: Sanjiv Bhasin

Sanjiv Bhasin of IIFL is of the view that one may see 15 percent upside in stocks like TCS and Infosys.

Sanjiv Bhasin of IIFL told CNBC-TV18, "It was an opportunity because the IT stocks ran up yesterday, the results were fine, I don't see any negative there. It is some sort of selling by foreign institution on the back that there is fear of what Donald Trump will come out on the H1 Visa and how corporate spending will be there."

"We still think that at 15 times, maybe Infosys at 14 times one year forward and TCS at 15 times. Around these levels, Infosys at Rs 925 and TCS closer to Rs 2200 make very good stories for 2017. We know the management has sounded more than expected to be optimistic," he said.

"I think that in 2017 if you be with these two bellwethers, 15 percent upside should be on the cards."
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