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TCS vs Infosys vs HCL Tech share: Which IT stock to buy amid bank crisis in US


TCS Vs Infosys Vs HCL Tech Shares: After the collapse of Silicon Valley banks, Signature Bank, First Republic Bank, the Indian stock market has been under selling pressure, especially IT companies as these banks and their strong exposure in the US. According to stock market experts, Indian IT companies in the mid-cap and large-cap space account for about 40 per cent of their business from the BFSI segment in the US. As the bank crisis in the US has hit the BFSI segment, Indian IT companies will lose a good amount of business in the near term. However, he advised investors to wait for the results for the fourth quarter of FY2023 as Indian IT companies will expose their exposure to crisis-hit US banks.

Speaking on the impact of the bank crisis in the US on Indian IT companies, Avinash Gorakshkar, head of research at Profitmart Securities, said, “Indian IT companies derive around 40 per cent of their US business from the BFSI segment. Hence, the series of bank collapses is on As for the impact on the quarterly numbers of Indian IT companies. But, the exact risk is expected to come in Q4FY23 results, which is expected in about two to three weeks. Hence, positional long-term investors will await the Q4 results of Indian IT companies. It is advised to do the same. The result season is fast approaching as companies.

IT stocks can be bought today

TCS vs Infosys vs HCL Technologies On stocks, Avinash Gorakhkar said that TCS is better positioned than other IT mid-cap and large-cap stocks as the Tata group company has developed some business in the domestic market as well. Moreover, the company has huge amount of cash which is going to sustain its growth for the next six to eight months. HCL Tech shares outperform Infosys and HCL Technologies shares.

Ravi Singhal, CEO, GCL Broking suggests TCS shares for long term positional investors, saying, “TCS looks more attractive compared to other IT stocks compared to TCS, Infosys and HCL Technologies and one can buy Must try to add this stock in yours. around the portfolio 2,900 each level for a time horizon of at least two to three years. Those who have TCS shares in their portfolio can add more to it 2,900 each level. However, a fresh investor can start accumulating from the current levels to its current 52-week lows.”

Ravi Singhal of GCL Broking said that the bank crisis in the US is going to work in favor of long-term investors as IT stocks are expected to see a strong rally once these short-term woes pass.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of o2help. We advise investors to check with certified experts before taking any Investment Decision.


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