Sandip Sabharwal, asksandipsabharwal.com, holds ICICI Bank and will continue to hold as the biggest holder. He has Axis Bank where the investors have got concerned in the short term because of the slow growth prediction which they have given for the industry, which is prudent. Ex of that, he is not holding any other banking … Read more
Betting that IT stocks could be traversing an inflection point as the growth momentum may bottom out over the next few months and a return to growth over CY24 on the back of easing of several headwinds and new drivers taking over, both FIIs and mutual funds increased their shareholding in most largecaps.MF holding in … Read more
Varun Lohchab, Head of Research- Institutional Equities, HDFC Securities, says “Axis Bank, ICICI Bank, Chola, LTI, Mindtree, Persistent are the top picks within banking and IT pack which still look reasonably valued and within the capex theme there are a lot of ideas as well.” Lohchab also says: “A lot of the stocks are looking … Read more
Even as some of India’s largest IT stocks are trading up to 25% below their 52-week peak levels, bargain hunters obsessed with PE valuation multiples aren’t finding enough reasons to start buying the diamonds lying in dust. The reason why most institutional investors are staying away from IT stocks is not just because of the … Read more
Indian IT companies are going through a tough phase amid macro headwinds and cautious client spending. Most of the IT heavyweights reported disappointing earnings in the fourth quarter and flagged a worsening outlook, at least in the near term. In this scenario, ICICI Direct has picked two stocks — Persistent Systems and Happiest Minds from … Read more
Varun Saboo, Head Equities, Anand Rathi, says we are seeing all the midcap IT companies coming and giving a higher guidance versus fears settling in after Infy numbers. I do not see any challenge. It was more, Infy specific, probably a quarter’s problem. One has to keep an eye on TCVs and how things shape … Read more
NEW DELHI: Nifty IT, which was the biggest wealth eroder in 2022 with a heavy loss of 26% is now gradually turning out to be the best performing sector. In the last one month, when the benchmark Nifty has been flat, the IT barometer has shot up over 10% to become the No. 1 performer. … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
Indian markets, which would open after a gap of one day, are likely to open on a strong note following strong global markets. Among the sectors that have recently underperformed on relative terms, IT stocks are showing a good resumption of momentum on the upside. Source link
Information technology, diagnostics, NBFC and real estate players are likely to be the flavour of the upcoming season of buying. This would come on the heels of the Nifty crossing the 16,000-mark for the first time on Tuesday. ET spoke to research analysts at leading brokerages on their top picks for the coming months: Motilal … Read more