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IT stocks' rally overdone, says Jefferies; Infosys, 2 more stocks top picks

Jefferies has taken a Hold view on Tata Consultancy Services (TCS), HCL Technologies and LTI MIndTree while an Underperform stance on Wipro and Tech Mahindra. Jefferies estimates on the IT sector hinge upon the takeaways from its conversations with managements of seven domestic IT firms who have acknowledged that the demand uncertainty will linger, going forward.
Tata Consultancy Services Newgen Software Technologies With Nifty It Stocks Hcl Technologies Lti Mindtree

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100-day sma stock: LTIMindtree, Mankind Pharma, 3 other large & midcap stocks surpass 200-day SMA

Several large and midcap stocks displayed remarkable resilience by surpassing their 100-day Simple Moving Average (SMA) on November 7. These stocks represent a diverse range of industries and are positioned for potential growth.
Simple Moving Average Data Source Closing Price 100 Day Sma Stock Hindustan Petroleum Corporation Mankind Pharma

IT companies: Manik Taneja on how Tech M will fare? What to expect from IT cos in H2

Axis Capitals Manik Taneja says that tier-1 tech companies have managed to maintain margins well, with some deferring wage implements. However, growth has been modest and below expectations for most companies in the IT sector. Taneja does not expect significant positive surprises in Tech Mahindras upcoming earnings report and believes that the companys margins may not show a significant uplift. Axis Capital has a negative view on the sector overall, with Tech Mahindra being the only positive-rat...
Uttar Pradesh Tata Elxsi Mohit Joshi Manik Taneja Indian School Of Business It Services

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