Prakash Gaba of prakashgaba.com feels that Tata Consultancy Services can climb to around Rs 2800.
Chandan Taparia of Motilal Oswal Securities suggests buying Tata Consultancy Services, Jindal Steel & Power and Yes Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Finance and ICICI Prudential and can buy Tech Mahindra and Bharti Infratel while Britannia Industries is likely to outperform.
Mitessh Thakkar of miteshthacker.com has a buy on Bharat Electronics with a stop loss below Rs 179.90 for target of Rs 195, a buy on Ceat in range of Rs 1780-1795 with stop loss of Rs 1755 for target of Rs 1860 and a buy on GSFC with a stop loss of Rs 159 for target of Rs 172.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
In an interview to CNBC-TV18, Apurva Prasad, Research Analyst, HDFC Securities discussed his take on the Tata Consultancy Services’ (TCS) Q2 earnings.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
TCS, Bharti Airtel and IndusInd Bank, among others, are being tracked by investors on Friday.
Sandeep Wagle of powermywealth.com is of the view that one may hold Tata Consultancy Services.
According to Vijay Chopra of enochventures.com, one may stay invested in TCS.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Tata Consultancy Services (TCS) will be reporting its Q2 FY18 earnings today. Subdued quarter expected. Cross currency revenue growth seen at 1.5-2 percent. In an interview to CNBC-TV18, Girish Pai, Head of Research at Nirmal Bang Institutional Equities shared his readings and expectations on the same.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
TCS has been consolidating in a narrow range so far in the year 2017. It rose by about 6 percent compared to nearly 20 percent rally seen in the S&P BSE Sensex.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, JSW Steel and L&T Finance Holdings and can sell Bharti Airtel and Cummins India.
Amit Gupta of ICICIdirect advises buying Motherson Sumi Systems and Tata Consultancy Services.
According to Mitessh Thakkar of mitesshthakkar.com, one may sell Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com advises buying Tata Consultancy Services.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold LIC Housing Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Torrent Pharma and Tata Consultancy Services and can sell Zee Entertainment Enterprises.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.