TCS, HDFC Life, Cipla - Which stock to buy and sell? Jigar Patel of Anand Rathi suggests strategy - Target, stop loss
Tata Consultancy is in focus.
· LiveMint Markets
Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, recommends strategies for TCS, HDFC Life, Cipla shares, with their target prices and stop…
The analysis
Against that, the stock is +0.0% on the day at ₹2,155.90, and has returned +5.2% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.6% over the same period, so Tata Consultancy is running 3.6 points ahead of its peers.
With Tata Consultancy, HDFC Bank and HDFC Life all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (TCS, HDFCBANK, HDFCLIFE, CIPLA), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, Banks, Insurance.
- The immediate tone of coverage reads negative.
In this story
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