Digital is surely the way forward and Tech mammoth, TCS proved it with its strong Q3. Infosys, Wipro, TCS all hit their record high situations on Monday. But which among the 3 deserves a buy? Find out
KEY HIGHLIGHTS
- Wipro set for a re-ratings
- TCS, Infosys charts have moved hand in and
- Wipro - Preferred to pick on a technical and fundamental basis
After an astral performance by TCS in the third quarter, all IT majors – Infosys, Wipro, including TCS hit a record high in the moment’s session on the expedients of an analogous show across all enterprises.
Now the big dilemma for investors is amongst the three, where should they situate their plutocrat in? Which stock has the implicit to give economic return? On Buy Now Vend Now, we asked our specialized expert-Kunal Bothra of kunalbothra.co.in and abecedarian expert-Ashish Kapur, CEO, Invest Shoppe India to choose one among them.
Fundamental Corner
Vikas Sethi preferred Wipro over other I.T. majors as he believed the company will see some re-rating going ahead. He said, “After new management took over the company, its future prospects seem good. Company will soon see some re-rating.” He attributed the firm’s last 2-3 years’ poor performance to its management. One can definitely expect a positive return going ahead, he asserted.
Technical Corner
Talking about charts, Kunal Bothra too picked Wipro as his preferred bet when given a choice. He said, "TCS & Infosys both have moved hand in hand over many years. There were phases when Infosys outperformed & TCS lagged marginally and phases when TCS caught its underperformance in no time.” Therefore on a technical basis, he believes Wipro is set for a long term-breakout & if investors want to invest in it for short-haul, one can opt for the 'Buy On Dips' strategy.” He advised keeping a target at Rs 465 & stopping loss of `435. Wipro was his moderate-risk stock idea for the day. Wipro ended Monday’s session near its record high level.
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