Moneycontrol Presented by Motilal Oswal
Days hours minutes
Nerolac
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance
Indiabulls
DHFL

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
Jan 03, 2018 02:14 PM IST | Source: Moneycontrol.com

IDFC overweight on Indian IT services; initiates Outperformer on TCS, Infosys, Tech Mahindra

IDFC has also initiated coverage with Outperformer call on Tech Mahindra and Mindtree, and set a target price at Rs 610 and Rs 650, respectively.

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

IDFC Securities is overweight on Indian IT services as cyclical slowdown is bottoming, expectations remain modest and valuations turn attractive.

The research house expects growth to improve led by improving US economy.

"We play Infosys and TCS on cyclical recovery, and Mindtree on micro growth," IDFC said.

The research house has initiated coverage with Outperformer call on TCS and Infosys, and set a target price at Rs 2,950 per share and Rs 1,250, respectively.

IDFC has also initiated coverage with Outperformer call on Tech Mahindra and Mindtree, and set a target price at Rs 610 and Rs 650, respectively.

Meanwhile, the brokerage house has initiated coverage with Neutral call on Wipro, HCL Technologies and Mphasis, and set target price at Rs 290 per share, Rs 925 and Rs 750, respectively.
Sections
Follow us on
Available On