Book profit in HCL Tech, TCS: SP Tulsian

Ambareesh Baliga, Market Analyst advice traders to book profit in HCL Tech and TCS.

Baliga told CNBC-TV18, “I would be cautious on IT pack at this point of time. Inspite of the good results which we have seen from TCS and HCL Tech I think this quarter would be far better than possibly the next 2-3 quarters which will come and from that point of view these stocks could in fact top in the next few days. So I think it is time possibly to even book out of HCL Tech and TCS.”
HCL Tech is trailing 12-month (TTM) EPS was at Rs 24.22 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 25.23. The latest book value of the company is Rs 95.15 per share. At current value, the price-to-book value of the company was 6.42. The dividend yield of the company was 1.96%.