Moneycontrol PRO
UPCOMING EVENT:Are you 45+? Planning for retirement? We have just the right webinar for you - Planning for Retirement with Life Insurance on 27-Jan, 3pm. Register now!

IT stocks where Emkay keeps 'buy' tag with an upside of 12-33%

Tata Consultancy Services, Infosys, Tech Mahindra, Persistent Systems, Firstsource Solutions are among the top buying ideas of broking house with an upside up to 33 percent.

December 03, 2021 / 07:18 AM IST
IT companies to sustain the growth momentum on the back of strong broad-based demand, robust deal intake/pipeline, and gradual opening up of major economies.
The overall Q2 performance of IT companies was largely in line with estimates, with a -0.5-0.1 percent variation in revenue or net profit. Revenue growth momentum improved for Tier-I and Tier-II companies in Q2FY22 on the back of a broad-based secular demand environment, driven by continued strong demand for digital, cloud, data analytics, 5G, IoT, cybersecurity and AI. Broking house Emkay expect IT companies to sustain the growth momentum on the back of strong broad-based demand, robust deal intake/pipeline, and gradual opening up of major economies.
Tata Consultancy Services | Rating: Buy | LTP: Rs 3,641 | Target: Rs 4,100 | Upside: 12 percent
Tata Consultancy Services | Rating: Buy | LTP: Rs 3,641 | Target: Rs 4,100 | Upside: 12 percent
Infosys | Rating: Buy | LTP: Rs 1,748 | Target: Rs 2,100 | Upside: 20 percent
Infosys | Rating: Buy | LTP: Rs 1,748 | Target: Rs 2,100 | Upside: 20 percent
HCL Technologies | Rating: Buy | LTP: Rs 1,184 | Target: Rs 1,420 | Upside: 20 percent
HCL Technologies | Rating: Buy | LTP: Rs 1,184 | Target: Rs 1,420 | Upside: 20 percent
Tech Mahindra | Rating: Buy | LTP: Rs 1,629 | Target: Rs 1,930 | Upside: 18 percent
Tech Mahindra | Rating: Buy | LTP: Rs 1,629 | Target: Rs 1,930 | Upside: 18 percent
Mphasis | Rating: Buy | LTP: Rs 3,103 | Target: Rs 3,730 | Upside: 20 percent
Mphasis | Rating: Buy | LTP: Rs 3,103 | Target: Rs 3,730 | Upside: 20 percent
Persistent Systems | Rating: Buy | LTP: Rs 4,390 | Target: Rs 5,000 | Upside: 14 percent
Persistent Systems | Rating: Buy | LTP: Rs 4,390 | Target: Rs 5,000 | Upside: 14 percent
Birlasoft | Rating: Buy | LTP: Rs 488 | Target: Rs 550 | Upside: 12 percent
Birlasoft | Rating: Buy | LTP: Rs 488 | Target: Rs 550 | Upside: 12 percent
Firstsource Solutions | Rating: Buy | LTP: Rs 173 | Target: Rs 230 | Upside: 33 percent
Firstsource Solutions | Rating: Buy | LTP: Rs 173 | Target: Rs 230 | Upside: 33 percent
Rakesh Patil
first published: Dec 3, 2021 07:18 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark