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So far in November, the sectoral index has net gained a little over 6%, beating the benchmark Sensex, which has gained 3% in the same period.
Coforge has formed robust bullish candlestick pattern on the daily scale with above average volumes. In fact, there was a consolidation breakout in previous session, and now the stock traded above all key moving averages, which is positive sign.
Persistent Systems, L&T Technology Services, Cyient, KPIT Technologies, and Tata Elxsi will benefit from this trend, driven by large deal wins, continued investment from customers for digital engineering services for their end products, and inorganic growth through M&As.
India Business News: Diwali stock picks 2023: These mid-cap stocks offer investors diverse opportunities based on sectoral strengths and individual company performance as
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