8 IT Companies Prabhudas Lilladher is Bullish on

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8 IT Companies Prabhudas Lilladher is Bullish on

By Aditya Raghunath

Investing.com -- Brokerage firm Prabhudas Lilladher, in its research report on April 5, has increased targets for most IT services companies, both in tier I and II categories.

It says, “We estimate revenue growth between 1.6%-4.3% QoQ CC (avg:3%) for Tier-1 and 2%-4.4% QoQ CC (avg: 2.6%) for Tier-2. We believe IT services companies will post robust quarter led by 1) ramp up of large deals, 2) strong pick up from COVID-hit verticals (travel & manufacturing), 3) broad-based growth momentum and 4) tailwinds from cloud transformation journey.”

The firm expects Tata Consultancy Services Ltd. (NS: TCS ), Infosys Ltd (NS: INFY ) and Wipro Ltd (NS: WIPR ) to lead growth among Tier I companies.

  1. TCS

Closing price on April 7: Rs 3,271

Target price: Rs 3,620

Upside: 10.66%

  1. Infosys

Closing price on April 7: Rs 1,430

Target price: Rs 1,646

Upside:15.1%

  1. Wipro

Closing price on April 7: Rs 438

Target price: Rs 476

Upside: 8.6%

AMong Tier-2 companies, the firm is betting on Mindtree and L&T (NS: LART ) Tech Services.

  1. MindTree Ltd (NS: MINT )

Closing price on April 7: Rs 2,172

Target price: Rs 2,326

Upside: 7%

  1. L&T Technology Services Ltd (NS: LTEH )

Closing price on April 7: Rs 2,840

Target price: Rs 3,006

Upside: 5.84%

The firm also says that HCL Tech and Tech Mahindra are trading at attractive valuations.

  1. HCL Technologies Ltd (NS: HCLT )

Closing price on April 7: Rs 1,037

Target price: Rs 1,168

Upside: 12.63%

  1. Tech Mahindra Ltd (NS: TEML )

Closing price on April 7: Rs 1,007

Target price: Rs 1,143

Upside: 13.5%

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  • Hareesh Padigar @Hareesh Padigar
    Persistent, Cyient, Intellect...?
    Like 1
  • Hareesh Padigar @Hareesh Padigar
    Persistent, Cyient, Intellect...?
    Like 0
  • Amit Khatri @Amit Khatri
    what about info edge?
    Like 0
  • Amit Khatri @Amit Khatri
    what about info edge?
    Like 0
  • subhash surabhi @subhash surabhi
    time frame ?
    Like 0
  • Funny Snipper @Funny Snipper
    happest minds kaisa hai
    Like 0
  • Mitesh Mundra @Mitesh Mundra
    Do you think still any steam left after the recent run
    Like 0
    • Ishvi Mehrotra @Ishvi Mehrotra
      Yes. Nifty IT have been consolidating since jan. Now its the show time.
      Like 0
    • Amandeep Singh Dang @Amandeep Singh Dang
      This steam was based on the result predictions.. we all bought IT shares on news, now is the time to sell on result.. look at Jan 2021 charts, how badly IT shares fell on the dates of results and thereafter
      Like 0

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  • Gopala Krishna @Gopala Krishna
    Please let us know, the time period for these targets?
    Like 4
    • Amandeep Singh Dang @Amandeep Singh Dang
      2021 or 2022 .. all know they would rise.
      Like 0
    • Parth Somaiya @Parth Somaiya
      Around Quarter results
      Like 0
    • Parth Somaiya @Parth Somaiya
      Around Quarter results
      Like 0

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