Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Pharma is giving signs of distribution, 52 week highs are not relevant in this case. The IT sector which was moving in a range is now suggesting that it is probably willing to go higher. It is already breaking out; the index itself and individual stocks as well. My choice would be Tata Consultancy Services (TCS) and Tech Mahindra."
At 13:56 hrs Tata Consultancy Services was quoting at Rs 2,058, up Rs 11.90, or 0.58 percent. It has touched an intraday high of Rs 2,070.90 and an intraday low of Rs 2,045.
The share touched its 52-week high Rs 2,258.05 and 52-week low Rs 1,197.60 on 15 October, 2013 and 18 December, 2012, respectively. Currently, it is trading 8.86 percent below its 52-week high and 71.84 percent above its 52-week low. Market capitalisation stands at Rs 403,106.22 crore.
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!
