Book profit in TCS, Infosys, HCL Tech, Wipro: SP Tulsian

SP Tulsian, sptulsian.com advises traders to book profit in TCS, Infosys, HCL Tech and Wipro.

Tulsian told CNBC-TV18, “If I take a call on TCS, Infosys, HCL Tech and Wipro, I have been seeing them peaking out. I don’t see much upside happening beyond a point. So, may be the profit booking is due.”
He further added, “Whenever the traders, those whop have gone into these stocks as a defensive will be looking for other opportunities and wherever they find these other opportunities and wherever they find these other opportunities coming in which is very difficult to say, it could be automobiles or it could be may be the fast moving consumer goods (FMCG) lot again or may be the stocks like cement and all because cement and automobiles two sectors look quite good where the shift may happen from IT. I will keep my cautious stance or may be even the profit booking is advised practically in all four big IT stocks.”