Stocks such as Persistent, Axis Bank, TCS, RIL, SBI Cards, Birla Soft, Canara Bank, Coal India, Bajaj Auto, TVS Motors, Indigo, and Tata Motors can be bought for trading purposes, analysts said.
The decline in Accenture s consulting business is a significant factor in their first guidance, and the negative impact is felt in verticals such as communications. However, the managed services segment remains stable, and Indian IT companies are expected to benefit from increased market share due to strong bookings. The US economy, which historically influences Accenture s performance, is expected to recover, indicating potential growth for the IT sector.
We have seen them. More upside can be seen in this particular counter, which might take a stock towards 2300 level as well because all the important technical parameters are really doing very well.
My view on midcap IT is very counter-specific and stock-specific. If you look at Cyient, valuation-wise and oin terms of peer comparison, it definitely looks attractive. So, one can go and start picking up Cyient from a medium to long-term perspective.