All sectors, except Nifty IT, gain in April; which one should you invest in now?

stocks

All sectoral indices, except one, gave positive returns in the month of April with Nifty Realty surging the most, up 15 percent, followed by Nifty PSU Bank, up over 12 percent.

Nifty IT hits new 52-week low with 7.6% drop; Infosys, LTIMindtree, Coforge among big losers

Following the weak Q4 FY23 numbers, shares of Infosys tanked nearly 15% to  <span class='webrupee'>₹</span>1,185 apiece in today's trade. Other IT companies also took a severe beating, with LTIMindtree, Coforge, Tech Mahindra, HCL Technologies, Tata consultancy services, and Wipro all falling in the range of 3–8%.

TCS, Infosys earnings point to lackluster Q4 for IT industry; analysts predict a bumpy road ahead: Report

In its earnings preview earlier this month, JP Morgan said that Indian IT companies' Q4FY23 prints should be weaker than Q3 with constant currency sequential organic growth slowing due to a deteriorating macro and flattish to declining margins.

Nifty IT slips over 1% following US Fed's rate hike; Persistent, L&T Tech, and LTI Mindtree major laggards, TCS flat

Persistent Systems Ltd, L&amp;T Technology Services Ltd, and LTI Mindtree Ltd were among the major laggards of the index down 1-2%. Tech Mahindra Ltd and Tata Consultancy Services Ltd were trading flat.

Nifty IT index falls over 1% following correction in Nasdaq; TCS down nearly 2%

<ul><li>The overall trend looks positive as certain heavyweights have witnessed good buying interest in the last couple of months. One should keep a ‘buy on dip’ approach with stock specific focus, said an analyst.</li></ul>

Persistent Systems up 25% so far this year – here's why it could be among the best IT bets

In its most recent research report, domestic brokerage house HDFC Securities maintained a positive outlook on the company. The brokerage said the company has doubled its revenue in the last three years and is well positioned to double revenue over the next four years.

TCS to outshine IT peers in 2023, says Motilal Oswal; here are the key reasons

In a recent report, brokerage house Motilal Oswal forecasted that the IT giant will outshine peers in 2023 on the back of its superior cost-focused capabilities to drive performance. The brokerage has a ‘buy’ call on this IT stock with a target price of  <span class='webrupee'>₹</span>3,950.

Nifty IT up 7% this year so far; what is lifting TCS, Infosys, HCL Tech, Persistent Systems? Should you buy them?

IT stocks have been performing well recently due to in-line quarterly earnings, lower valuations, and easing worries over rate hikes and a recession. The December quarter earnings have offered clarity on the demand scenario for IT stocks, and hopes have grown that the rate hikes will pause gradually and the global economy will come out of the grip of slowdown. Analysts recommend waiting for more clarity on how inflation, rate hikes and trends of a recession evolve in the coming few months. Long-term investors may consider picking some largecap players from the IT pack, as the fresh trends in the sector are expected to augur well in the long run.

KPIT Tech sees double-digit growth in six months but Ashika Stock Broking sees another 15% rise — here's why

IT stocks

KPIT Tech is well placed to take advantage of mobility and disruptive sectors. In comparison to its peers, its software integration capability, middleware and new architectural solutions, and cloud-based connected services via organic and inorganic routes will bring long-term value creation.

IT Q3 Preview: Uncertainty on demand to linger; here's what 5 brokerages expect

Eyes will be on management commentary on the outlook and deal pipeline when concerns over a recession in the US and Europe prevail.

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All sectors, except Nifty IT, gain in April; which one should you invest in now?

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