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IT Index gives Breakout, Turns out to be the Best Bets IT stocks had been all time favorite investment area for many investors for a long time at it had the potential to yield high returns. In February 2009, the Index was trading at approximately 2000 level. Till December 2010, it had rallied almost 275 per cent to trade at 7500 level. In 2011, the Index corrected and slipped by almost 33 per cent to 5000 level. Then again, in March 2015, the Index pulled itself together and rallied 150 per cent to make the high of 12800. Thereafter, the correction followed again, bringing the Index down to the low of 9300, declining 27 per cent in November 2016. The recent correction has been due to two main reasons, slowing growth and the election of Donald Trump as US President. Most IT companies have reduced their revenue guidance for the upcoming quarter. The sector sunk further into uncertainty as the Republican candidate Donald Trump was elected as the new president of the US. The country accounts for around 60% of India’s software exports. During his campaign, Trump had constantly spoken against IT outsourcing and immigration. He even talked about Indian companies such as Tata Consultancy Services (TCS) and HCL Technologies. Trump is supposed to began his reign from 20th January and the scenario for the Index will get a clearer picture then.

However, today, the It Index gave the breakout of three week high of 10110 with the next target of 10448. This makes the space attractive for the investors and hence it is suggested to keep an eye on this Index which can be a wealth creator in coming days.


Overview of Best IT stocks in Cash Segment: Symbol

LTP

% CHG

Eps %

52 Week high

Correction Recent Buying Recent Correction from 52 Low From High from Week Recent Recent High Low high % %

TRIGYN

96.5

2.9

-15.00%

140.6

-31.37%

78.8

22.46%

128

-24.61%

CYIENT

494

1.3

31.50%

554

-10.83%

440

12.27%

554

-10.83%

VAKRANGEE

273.95

1.7

3.90%

284.6

-3.74%

245

11.82%

284

-3.54%

ECLERX

1482

1

1.10%

1894

-21.75%

1351

9.70%

1680

-11.79%

MTEDUCARE

116.15

-0.8

82.50%

200

-41.93%

106.25

9.32%

150.85

-23.00%

NELCO ONMOBILE

74.5 84.35

3.8 1.9

-37.70% -54.80%

128.4 140.8

-41.98% -40.09%

68 77.85

9.56% 8.35%

99.15 126.65

-24.86% -33.40%

FSL ZENSARTECH

36.5 1002

2.4 0.9

-1.00% -6.10%

53.65 1136

-31.97% -11.80%

33.8 937

7.99% 6.94%

39 1073

-6.41% -6.62%

TAKE QUICKHEAL

129 234.45

1.1 1.4

-4.60% 209.8 1172.90% 330

-38.51% -28.95%

121 221

6.61% 6.09%

147 257

-12.24% -8.77%

SONATSOFTW 151.7

2.4

2.90%

186

-18.44%

144

5.35%

174.7

-13.17%

GEOMETRIC

237.5

1.2

42.90%

251

-5.38%

225

5.56%

250

-5.00%

HGS MPHASIS

503 510.05

0.9 -0.1

-27.70% 5.80%

625 624

-19.52% -18.26%

481 491

4.57% 3.88%

595 560

-15.46% -8.92%

TEAMLEASE

851.05

1.3

22.50%

1209.45 -29.63%

823

3.41%

1040

-18.17%

FINANTECH

71.35

0.6

130.20%

134.35

-46.89%

69

3.41%

82.75

-13.78%

PERSISTENT

595.85

-0.2

0.30%

798

-25.33%

583

2.20%

707

-15.72%

LTI

609.5

0.7

-3.50%

691.5

-11.86%

598

1.92%

656

-7.09%

In the above table, Nelco share price has seen the highest percentage change today which is also the top 500 recommendation by Dynamic Levels. Nelco was followed by Trigyn share price that surged 2.9 per cent and FSL share price that rose 2.4 per cent. Trigyn is the multibagger recommendation while FSL is the top 500 identified stock by Dynamic Levels.


F&O IT Stocks recommendation: Company

ADM EPS

Tech Mahindra HCL Tech Infosys TCS Wipro

12.48 19.68 23.02 49.69 9.85

7.25 14.27 15.77 33.43 8.53

EPS growth -14.1% -1.9% 4.9% 4.3% 2.4%

LTP

% change

486 800.50 977.10 2295 465.50

6 4.26 5.03 4.87 3.27

These are the top five recommended IT stocks from F&O segments. Tech Mahindra share price has taken the biggest leap of 6 per cent today, followed by Infosys share price rise of 5.03 per cent. HCL tech, TCS and Wipro share price rose below 5 per cent. All the F&O stocks are recommended top 500 stocks by Dynamic Levels.

Disclaimer The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative:      

Do not have any financial interest / any actual/beneficial ownership in the subject company. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company, nor engaged in market making activity for the subject company Have not served as an officer, director or employee of the subject company

Article Written by Tanaya Nath

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