INDIA MARKET LENS
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TCS, Tech Mahindra, Coforge, Mphasis: IT stocks picks and investment ideas after Accenture results ahead of Q2 earnings

Tata Consultancy is in focus in a quarterly results development.

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IT stock picks: Brokerage firm Choice Broking has identified Indian IT stocks as potential investment picks for…

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Against that, the stock is -0.2% on the day at ₹2,077.00, and has returned +2.1% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Tata Consultancy is running 1.0 points ahead of its peers.

For Tata Consultancy, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is TCS.
  • Sector exposure: IT.