TCS vs Infosys vs Wipro: Shares to buy, sell or hold; Here is what you should do to make money
TCS vs Infosys vs Wipro: All three IT counters are strong but TCS and Infosys are comparatively better placed than Wipro, say stock market experts.
TCS vs Infosys vs Wipro: Despite stock markets receiving a beating due to exit of FPIs over the surcharge levied in the Union Budget 2019, IT stocks have been able to hold ground and their Q1FY20 results have also been promising. As per the stock market experts, the majority of the IT companies have revenue through exports, especially from the US, Canada, UK, France and Germany. Since these economies have done well against the Indian economy, quarterly numbers of the IT companies were bound to be robust. Even today, the Indian indices were tepid but IT index went northward giving an idea about the strong fundamentals of the IT stocks. Hence, IT majors TCS, Infosys and Wipro have become an attractive option for the stock market investors. But, the good news from the IT sector has also raised questions in the minds of investors. Which share among these three would be a better to make money on Dalal Street?
Speaking on the three IT counters Prakash Pandey, Head of Research at Fairwealth Securities said, "Among TCS, Infosys and Wipro, TCS looks most attractive and an investor can take a buy position in the counter for the target of Rs 2,240 per share levels in two weeks maintaining the stop loss at Rs 2,065. Infosys has strong resistance at around Rs 800-805 levels and hence a share market investor can sell the counter at CMP for the target of Rs 760 maintaining the stop loss at Rs 815 levels."
See Zee Business Live TV streaming below:
For stock market traders interested in Wipro, Pandey advised investors to hold. He said the counter has strong resistance at Rs 265 per stock levels. "Once it breaks Rs 265 levels and sustains above this levels, then only an investor can take a buy position in the counter for 4-5 per cent returns in two weeks time," said Pandey.
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "All three IT counter are strong but TCS and Infosys are comparatively better placed than Wipro. TCS would give around 3-4 per cent returns in one week while Infosys may show Rs 835 to Rs 850 per stock levels in one week."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.