Ankur Rudra, VP-Institutional Equities of Ambit Capital is of the view that Tata Consultancy Services may touch Rs 2400 in one year.
According to Ankur Rudra, VP-Institutional Equities of Ambit Capital, one may buy HCL Technologies and Tata Consultancy Services (TCS) on declines.
Suresh Mahadevan of UBS AG is positive on Bharti Airtel. He feels the stock may touch Rs 420. According to him, the February 3 spectrum auction could emerge as a positive catalyst especially if there are no big fireworks like a lot of investors are worried about.
Abhishek Anand, VP -Telecom, Centrum Wealth Management said revenues from Africa operations were better than expectations and that overall operating numbers were decent.
Nilesh Shah of Envision Capital feels that the stock could be in a consolidation zone and the recent highs itself will actually act as a significant resistance.
Ankur Rudra, VP-Institutional Equities at Ambit Capital is of the view that one may sell Infosys as most of the positives are now priced in.
Though Ambit has upgraded Infosys‘s EPS estimates, it remains ‘sell‘ on the stock as it doesn't see the company to be a growth leader. There has been top level attrition in Infosys of late.
Ankur Rudra, vice president of institutional equities of Ambit Capital advises selling Wipro. "Our preference is Wipro over Infosys," he adds.
Ankur Rudra, vice president of institutional equities of Ambit Capital suggests to pick HCL Technologies. "The firm has shown very strong margin recovery over the last two years, thanks to an improvement in its quality of business," he adds.
Ankur Rudra picks HCL Tech as his favourite bet among IT stocks as he believes the stock is among the few tier-I IT names that still has an upward re-rating potential.
According to Ankur Rudra, the strength of beat by Cognizant is a big positive led by uptick in discretionary demand due to new technology and so, assuming that it is true for the entire (IT) sector is premature.
Ankur Rudra of Ambit Capital advises buying HCL Technologies.
According to Ankur Rudra, HCL Technologies continues to look relatively inexpensive, just shy of 12-12.5 times and appears to offer more upside from re-rating perspective.
Ankur Rudra feels that the fair value for Just Dial stock is closer to Rs 440, which is 20-25 percent lower from current levels. Investors who have made money on it should exit the stock now
Ankur Rudra of Ambit Capital says, in an interview to CNBC-TV18, that expectations are high on Murthy's return to the helm at Infosys. However, the view in Infosys will change only when there are some strong, positive improvement in the performance of the company.
The 2G trial court on Tuesday summoned Bharti's Sunil Mittal, Vodafone's Asim Ghosh and Essar's Ravi Ria over irregularities in the additional 2G spectrum allocated in 2002.
Ankur Rudra, Ambit Capital is of the view that one can buy HCL Technologies, TCS.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
In order to account for rising costs, India‘s top mobile phone carrier, Bharti Airtel on Wednesday informed that it has raised its voice call prices.
In an interview to CNBC-TV18, Ankur Rudra, Ambit Capital said that there EPS expectation going into the results for the full year was Rs 163. Now they are likely to up it, given the stronger revenue growth guidance.
Ankur Rudra of Ambit Capital explains to CNBC-TV18 that the Cabinet approval of the one-time fee is an indicator that the government has realised that auction of spectrum is not a very viable route to raise revenue.
Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. Ankur Rudra of Ambit Capital says the acquisition seems to be clearly in the right direction.