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Published on 19/09/2020 2:40:54 PM | Source: Motilal Oswal Financial Services Ltd

High Conviction IT Stock Basket By Motilal Oswal

Posted in Broking Firm Views - Sector Report| #IT Sector #Stock Market #Motilal Oswal Financial Services Ltd

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High Conviction Basket : IT

IT will stand-out tall this year as one of the few sectors as far as Q2 earnings are concerned While rest of the sectors posted 20-30% earnings decline in Q1, IT looked relatively resilient with 5-10% earnings growth. The momentum will continue in Q2 aswell especially after good guidance given by few large and midcap companies We expect series of earnings upgrade this quarter (Q2) ranging between 5-10% for large-cap IT names. We have listed below 7 high conviction ideas from the IT space which we expect to do well in the short to medium term. One can buy this basket of 7 stocks with a potential upside of 10-15% over a time frame of 1-3 months. The stop loss for the entire basket should be 6-7%

 

 

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