Real-time Stock quotes, portfolio, LIVE TV and more.
Apr 26, 2012, 11.39 AM IST
Pick HCL Tech and TCS, says Ambareesh Baliga, COO, Way2Wealth.
Baliga told CNBC-TV18, "Clearly the results showed that Infosys is the odd man out because if you look at HCL Technologies and TCS, it is surely much better than what people were expecting. Wipro more or less in line, slightly lower, so Infosys clearly is the odd man out and that is going to affect the valuations even going ahead and what I was saying last time that we should see levels of Rs 2,200, we saw that, we have seen a bounce back but one should not expect this bounce back to last. So I suppose the only pick in the largecap ones is HCL Tech and TCS for the time being."
The company touched its 52-week high Rs 526.80 and 52-week low Rs 360.10 on 02 May, 2011 and 26 Aug, 2011, respectively. Currently, it is trading -4.42% below its 52-week high and 39.82% above its 52-week low. Market capitalisation stands at Rs 34,874.25 crore.
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK