Stocks to buy: These 5 IT shares may give bumper returns in 3-4 weeks - check price targets
Stocks to buy: IT stocks on which Sharekhan is bullish are: Tech Mahindra, Zensar Technologies, Mphasis, Happiest Minds Technologies and Birlasoft.
Domestic brokerage firm Sharekhan is upbeat on the IT sector. It has maintained a ‘buy’ rating on five IT stocks from broader markets.
The 5 IT stocks are, Tech Mahindra, Zensar Technologies, Mphasis, Happiest Minds Technologies, and Birlasoft.
These scrips may give a bumper return of up to 34 per cent within 3-4 weeks, according to Sharekhan.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
Tech Mahindra
Tech Mahindra
Sharekhan recommends to ‘buy’ Tech Mahindra shares for a target price of Rs 1,245-1,350 per share with a stop loss of Rs 1,075 apiece.
The stock on Friday closed at Rs 1,118.55 per share, down nearly 1 per cent on the BSE.
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Zensar Technologies
Zensar Technologies
Sharekhan recommends to ‘buy’ Zensar Technologies shares for a target price of Rs 350-380 per share with a stop loss of Rs 245 apiece.
The stock on Friday closed at Rs 291.6 per share, down nearly 3 per cent on the BSE.
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Mphasis
Mphasis
Sharekhan recommends to ‘buy’ Mphasis shares for a target price of Rs 2,460-2,616 per share with a stop loss of Rs 2,040 apiece.
The stock on Friday closed at Rs 2,201.75 per share, up nearly 1 per cent on the BSE.
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Happiest Minds Technologies
Happiest Minds Technologies
Sharekhan recommends to ‘buy’ Happiest Minds Technologies shares for a target price of Rs 1,005-1,090 per share with a stop loss of Rs 815 apiece.
The stock on Friday closed at Rs 861.15 per share, down nearly 1 per cent on the BSE.
Image Source: Pixabay
Birlasoft
Birlasoft
Sharekhan recommends to ‘buy’ Birlasoft shares for a target price of Rs 340-380 per share with a stop loss of Rs 260 apiece.
The stock on Friday closed flat at Rs 283.05 per share on the BSE.
Image Source: Pixabay