Regan Homavazir, Associate VP, Technical Research of Darashaw told CNBC-TV18, "If someone is pairing Infosys and Tata Consultancy Services (TCS) then Infosys looks like a buy where the downside is Rs 2,800. TCS has met our targets, so we would lighten up TCS and shift into Infosys."
He further added, 'ITC and Hindustan Unilever (HUL) is a buy but only below these current lows we will get worried, but as they stand today they are buys." "Tata Steel had a worse fall like all other stocks which had fallen. The stock moving up 30 percent does not mean that all is well with it, it can go up to Rs 350 and then turn the corner."Discover 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!
