LTM, Cyient, Zen, Birlasoft share price target, stop-loss - IT stocks to buy for over 32% returns ahead of Q2 results
Executive Brief • Key Highlights
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- ✓HDFC Securities listed Indian IT stocks to buy ahead of Q2 results FY27.
- ✓The firm said, “Despite weak near-term growth, valuations have fallen close to historical lows and free cash flow yields remain attractive.” While large firms face slow growth, many mid-sized companies got higher targets, offering up to 32% returns.
Story at a Glance
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- MARKET
- Reported By
- Livemint
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- 3 Minute(s)
- Market Focus
- India Economy
IT stocks to buy: Brokerage firm HDFC Securities has listed Indian IT stocks to buy ahead of upcoming second quarter earnings season (Q2 results FY27), which included
The brokerage has retained a positive stance on most of the IT stocks, with Larsen & Toubro Technology Services (LTTS), Mphasis and Coforge among the picks offering meaningful upside from current levels.
TCS has a new target price of ₹2,470, implying 20% upside, with an ‘ADD’ rating, while Infosys has a target of ₹1,250, offering 26% upside, and retains a ‘BUY’ rating, according to the firm.
HCL Technologies has a revised target of ₹1,370, implying 11% upside, with an ‘ADD’ rating, while Wipro has a ₹185 target, indicating 17% upside. Tech Mahindra has a target of ₹1,660, offering 9% upside, with an ‘ADD’ rating. Among the larger opportunities, L&T Technology Services has a revised target of ₹5,270, implying 30% upside, and retains a 'BUY' rating.
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