Sandip Agarwal of Edelweiss Financial Services said they haven‘t changed their hold rating on TCS and does not see a significant downside.
While JM Financial is incrementally positive on Infosys stock, it will still wait for one or two more quarters of performance from the company before upgrading it to a buy.
Govind Agarwal of JM Financial is of the view that one can buy Tata Consultancy Services (TCS) and hold for sometime.
HCL Technologies has target of Rs 750, says Govind Agarwal, Senior Analyst - IT Sector at JM Financial.
Infosys has target of Rs 3200, says Govind Agarwal, Senior Analyst - IT Sector at JM Financial.
Tata Consultancy Services (TCS) has target of Rs 1580, says Govind Agarwal, Senior Analyst - IT Sector at JM Financial.
Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. JM Financial says this is a good strategic fit for Infosys. "I think it is a good transaction," he adds.
In an interview to CNBC-TV18, Govind Agarwal, sector head & senior analyst of JM Financial Institutional Securities says, TCS should remain a top pick in the sector. "Despite today‘s move, we expect about 10-15% movement on the stock over the next six months," he asserts.
Govind Agarwal of JM Financial has a positive bias on the IT sector. According to him, the largecap stocks in the IT sector can deliver about 20% returns on a one-year basis. He indicated that TCS has been performing well. JM Financial has a buy rating on MindTree and eClerx is their top pick in midcap space.