Motilal Oswal Picked 3 Large Cap IT Stocks, Recommends Buy For Upto 26% Gains

Motilal Oswal in its recent IT sector report has picked 3 stocks, recommends "Buy" for high returns upto 26%. These three stocks are Tata Consultancy Services Ltd. (TCS), Infosys Ltd. (INFO), and HCL Technologies Ltd. (HCLT).

Motilal Oswal said, "Valuations have significantly corrected from their peaks as we believe that the concerns on macro environment have already been factored into the valuations. We remain selective in the space and view any correction in the preferred names as an opportunity to accumulate further. We continue to like TCS (our top pick), HCLT, and INFO within our tier-1 IT space."

Tata Consultancy Services Ltd. (TCS)

Motilal Oswal has assigned a "Buy" on TCS with a target price of Rs 3,710/share. The stock last traded at Rs 3,205.90/share, up 2.13% from the previous close. Considering the given target price, if you buy the stock at the current market price, it can fetch up to 16% gains.

The stock recorded the 52 week low at Rs 2,926.10/share and 52 week high at Rs 3,835.60/share, respectively. It has gained 2.74% in 1 week. It gave 14.28% negative return in 1 year. It gave 75.56% positive return in 3 years and 125.04% in 5 years, respectively.

Infosys Ltd. (INFO)

Motilal Oswal assigned a "Buy" on INFO with a target price of Rs 1750/share. The share last traded at Rs 1,427.95/share, up 3.21% from the previous close. According to the given target price and last traded price of the stock, it can fetch up to 23% return.

It's 52 week high is Rs 1,919/share and 52 week low is Rs 1,355/share, respectively. In the past 1 week, it gained 3.43%. In the past 1 year, it declined by 25.11%. In the past 3 and 5 years, it gained 122.6% and 152.33%, respectively. The stock of Infosys is currently trading at Rs 1428.45/share. It gave 152.04% return in 5 yrs.

HCL Technologies Ltd. (HCLT)

Motilal Oswal has assigned a "Buy" on the stock of HCLT with a target price of Rs 1360/share, claiming a potential upside of upto 26%. The stock last traded at Rs 1,085.25/share, up 1.66% from the previous close.

The stock recorded the 52 week low at Rs 877.35/share and 52 week high at Rs 1,203/share, respectively. It gave 3.19% positive return in the past 1 week, however, it has fallen 6.75% in the past 1 year. In 3 years it gave 148.68% positive return and in 5 years it gave 124.09% positive return.

Disclaimer - The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.