2 Large, Mid Cap IT Stocks Fall Over 14%: Motilal Oswal Sees Upside, Recommends Buy
Brokerage firm Motilal Oswal has recommended investors to buy 2 large cap and mid cap IT sector stocks for higher returns.
These two stocks are Cyient Ltd and Infosys Ltd. If buy Cyient Ltd and Infosys Ltd now, you will receive maximum 25% likely return.
Shares of Infosys rallied today after it declared better than expected Q 3 results. Check key details below: 1. Buy Infosys Ltd
Motilal Oswal has assigned buy rating to Infosys Ltd with a target price of Rs 1760 apiece.
The current market price of Infosys Ltd is Rs 1508 apiece. If you buy Infosys Ltd now, you will get potential 17% return.
The large cap stock's 52- week high is Rs 1953 apiece and 52- week low is Rs 1355 apiece.
The stock is currently 10% away from its 52- week low price. It has a market capitalisation of Rs 6,34,662.75 crore.
2. Buy Cyient Ltd
Cyient Ltd with a target price of Rs 1100 apiece. The current market price of the stock is Rs 882 apiece.
If you buy Cyient Ltd now, you will get 25% likely return. The stock is 17 % away from its 52- week low price.
The mid cap company has a market capitalisation of Rs 9,744 crore. The stock's 52- week low is Rs 724 apiece, respectively.
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 check with certified experts before taking any investment decision.
By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt