TCS, Infosys likely to be market performer: Homavazir

TCS and Infosys are likely to be market performer, says Regan Homavazir, Associate VP-Technical Research, Darashaw.
 
Homavazir told CNBC-TV18, “The IT charts look fine. Today, if you ask me when we had recommended HCL Technologies at Rs 500 with a target of Rs 800 that has panned out. However, at Rs 800 HCL Technologies is a sell and today what looks very interesting is Wipro.”
 
He further added, “We are not expecting downsides on Wipro to show up. The worst downside is about Rs 410. We are expecting it to go to about Rs 600. As far as Tata Consultancy Services (TCS) and Infosys are concerned, they are likely to be market performers. There is nothing more to that.”