IT Stocks: Infosys, TCS, HCL Tech, Wipro, Persistent Systems Share Price Target By Brokerages
Equity benchmark indices Sensex and Nifty hit their fresh lifetime high levels in early trade on Tuesday, amid a rally in global markets and buying in IT stocks.
The 30-share BSE Sensex jumped 379.68 points to hit a record peak of 79,855.87 in early trade. The Nifty climbed 94.4 points to hit a lifetime high of 24,236.35.
Among the Sensex pack, HCL Technologies, Tata Consultancy Services, Infosys, Bharti Airtel, HDFC Bank and Power Grid were the biggest gainers.
Tata Motors, Bajaj Finance, Kotak Mahindra Bank and ICICI Bank were among the laggards.
Share Price target & Buy call for important stocks today, according to Brokerage
TCS Share Price Target:
Nomura upgraded TCS to ‘neutral’ and raised the target to Rs 3,800 from Rs 3,250. But, Goldman Sachs maintained a ‘buy’ on TCS and raised the target to Rs 4,450 from Rs 4,350.
Infosys Share Price Target:
Nomura upgraded Infosys stock to ‘buy’ and raised the target to Rs 1,800 from Rs 1,400. Whereas, Goldman maintained a ‘buy’ on Infosys and raised the target to Rs 1,680 from Rs 1,650.
HCL Technologies Share Price Target
Nomura double upgraded HCL Technologies stock to ‘buy’ and raised the target to Rs 1,700 from Rs 1,400. Likewise, Goldman Sachs continued with a ‘neutral’ rating on HCL Technologies and raised the target to Rs 1,420 from Rs 1,370.
Wipro Share Price Target
Nomura upgraded Wipro to ‘buy’ and raised a target of Rs 600 from Rs 410. But Goldman Sachs iterated ‘sell’ on Wipro and raised the target to Rs 440 from Rs 430.
Coforge Share Price Target
Nomura maintained a ‘buy’ on Coforge and raised the target to Rs 6,670 from Rs 5,800
Tech Mahindra Share Price Target
By maintaining a ‘buy’ rating on Tech Mahindra Nomura raised the target to Rs 1,600 from Rs 1,350. Whereas, Goldman Sachs continued with a ‘sell’ on Tech Mahindra and raised the target to Rs 1,160 from Rs 1,020
Persistent Systems Share Price Target:
Nomura iterated a ‘neutral’ rating on Persistent Systems and raised the target to Rs 4,100 from Rs 3,400
Mphasis Share Price Target:
Nomura continued with an ‘underperform’ rating on Mphasisand raised the target to Rs 2,300 from Rs 2,010.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
