Buy HCL Technologies, TCS: Rudra

Ankur Rudra, Ambit Capital is of the view that one can buy HCL Technologies, TCS.

Rudra told CNBC-TV18, “Our top buy idea among the tier one names would be HCL Technologies followed by Tata Consultancy Services (TCS) although we are a bit less optimistic about TCS’ performance given how well this stock has done recently. So, we think it is probably closer to fair value. We are seller on Infosys and Wipro. Infosys driven partly by very high expectations right now and Wipro we still see there are fundamental challenges for them to come back to industry level growth, maybe a bit more than Infosys.”