Stocks on Radar: Despite the ups and downs due to global market trends, the domestic stock market managed to close this week with gains.
This week the Sensex gained 0.59% while the Nifty gained 0.39%. If we look at the sectoral index, Nifty IT index was the top gainer this week.
The Nifty I index has gained 2.12% in a week. It has increased by 3.47% in one month while it has slipped by 19.41% in one year. Broking firm Kotak Security has advised Buy, Sell and Add on 8 IT stocks. Let's know everything about it.
Brokerage house Kotak Securities has advised to buy on the stock of HCL Technologies. The target price per share is Rs 1280. The share price on 20 January 2023 was Rs 1107.75. Investors can further get a return of Rs 172.25 per share or 15.55%.
Kotak Securities has given a buy opinion on the country's second largest IT company Infosys. He has kept a target of Rs 1775 per share. On January 20, 2023, the stock closed at Rs 1525.45. Beyond this, a return of Rs 249.55 per share or 16.36% can be received.
Kotak Securities has advised Sell on L&T Technology Services stock. He has given a target price of Rs 3200 per share. On January 20, 2023, the stock closed at Rs 3,233.55.
Kotak Securities has an Add advisory on IT company Mphasis. The brokerage has kept a target price of Rs 2330 on the stock. Closed on 20 Jan 2023 at Rs 2025.65. In this way, investors can get a further return of Rs 304.55 per share or up to 15% in the stock.
Broking firm Kotak Securities has given the opinion of Add on Tata Consultancy Services (TCS), the country's largest IT company.
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The brokerage has given a target price of Rs 3500 per share. On January 20, 2023, TCS shares closed at Rs 3361.65. Investors are expected to get a return of up to Rs 138.35 or 4% on one share.
Reduce has been advised on the stock of Wipro, one of the country's largest IT companies. He has kept a target price of Rs 425 per share. On January 20, 2023, the stock closed at Rs 403.15.
Disclaimer: The advice given here to invest in stocks is given by a brokerage house.