From mint · Vaamanaa Sethi · · 1m 10s
HDFC Securities Picks IT Stocks for Over 32% Returns
HDFC Securities targets 32% returns on IT stocks ahead of Q2 results.
In brief
HDFC Securities targets 32% returns on IT stocks ahead of Q2 results. HDFC Securities recommends IT stocks like Mphasis with 32% upside potential before Q2 earnings. Originally reported by mint.
HDFC Securities Targets IT Stocks
HDFC Securities has listed Indian IT stocks to buy ahead of Q2 earnings season FY27.
Mphasis Offers 32% Upside
Mphasis has a target price of ₹ 2,840, offering 32% upside from current levels.
TCS Targeted at ₹2,470
TCS has a new target price of ₹ 2,470, implying 20% upside with an 'ADD' rating.
Infosys Targeted at ₹1,250
Infosys has a target price of ₹ 1,250, offering 26% upside with a 'BUY' rating.
L&T Technology Services Targeted
L&T Technology Services has a revised target of ₹ 5,270, implying 30% upside with a 'BUY' rating.
IT Sector Weak Growth Forecast
Indian IT sector expected to report weak growth in Q2 FY27 despite usual strong quarter.
Q2 Results Impact
The sector's recovery depends on Q3 performance after weak first half of FY27.
Here's the gist
HDFC Securities recommends IT stocks like Mphasis with 32% upside potential before Q2 earnings.
