In an interview with CNBC-TV18, Devang Mehta of Anand Rathi Financial Services, spoke about his views on various stocks and sectors.
Below is a verbatim transcript of the interview. Also watch the video. Caller query: I have 250 shares of TCS at Rs 1,130 a share. My time horizon is one to two months. What would be your advice? Mehta: My sense is that a lot of underperformance has been seen in the IT sector in the last few days. But henceforth Infosys and TCS would be prime beneficiaries of what is happening globally. A lot of pick-up in demand has been witnessed and as the economies improve in the developed nations, probably, a lot of order flow would result for TCS. Currently, after the correction, the stock looks quite attractive and we do have a price target of Rs 1365 for a one year horizon. Though it seems that the caller is a more of a trader who has bought it in F&O of segment but for a period of two-three months also it looks good. Latha: To scratch that point further, maybe we should pull up a three or six month chart of the CNX IT or even Infosys and TCS. There is was this very sharp witnessed from around January levels. Do you think theyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
