Feb 14, 2013, 10.37 AM | Source: CNBC-TV18
Buy Tata Consultancy Services (TCS), says Sudarshan Sukhani of s2analytics.com. The new highs, which it is recording, are not going to stop immediately. Generally all the four IT stocks are cheerful.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "These are lifetime new highs for TCS. It is a wonder what the different Nifty constituents can do, one of them is making lifetime new highs and so many others are in poor shape, but we do not question that. TCS is a buying opportunity.”
He further added, “The new highs, which it is recording, are not going to stop immediately. Generally all the four IT stocks are cheerful, whether it is Infosys, TCS or the other two, but TCS because of yesterday’s big move should be the focus of attention today.”
Disclosure: I have no holdings in the stock discussed.