As per the current market scenario IT stocks are highly volatile at the moment. Our industry experts believes that Tech stocks have a bright bull trend in short term. These companies are working on new technologies or are offering services to a much larger sector. The emphasis on any IT sector is likely to put pressure on these companies. Apart from that pressure on the Rupee against the dollar may support the IT sector. Also there is a good sign in quarterly performance. Here we have brought some high return stocks to buy for you-
Stocks To Buy
The stocks is trading now at 460 level, (the current level of 540 460 target). Stock is looking in bull mode for near term on technical charts. Stock price of tech mahindra has been fallen by 30% in the past year and now it is on perfect buying level. We recommend to buy Stock at current level for target of 500 level.
TCS stock price are at 2462 level. Company has earned a consolidate profit in the third quarter which is up by 14% compared to last year it was Rs 6083 crore. We recommend to invest in TCS and make a buying position on current levels. Our target is 2610 for short term.
Our research experts suggest to invest in Zensar Technologies. According to them the stock may get 1024 level in 2 quarters. A low is also possible up to 853 and 829. We suggest this stock to buy on lower level and hold it for mid term target of 1000 level.