Sufficient Room For Earnings Revision Upwards Later In Year For IT Companies | Chakri Lokapriya
0How do you think the Street would read all this commentary and the performance? How much of a slam dunk or do you think there would be willing takers for IT stocks on declines? Chakri Lokapriya, CIO & MD, TCG AMC explains.
"If you look at the numbers, they are a small miss for TCS and HCL Technologies. But the companies again, both the companies are trading at close to their multiples so HCL Tech probably about 17 times, TCS slightly higher. So the downside from here is very limited. Second, the whole uncertainty in the short term, as the TCS management was talking about, there is an uncertainty in the short term.", says Chakri Lokapriya. Watch the complete video now to know more.
#stockmarket #tcs&hcl #nifty #etnow
Subscribe To ET Now For Latest Updates On Stocks, Business News, Trading | https://bit.ly/SubscribeToETNow
To Stay Updated Download the Times Now App :-
Android Google Play : https://goo.gl/zJhWjC
Apple App Store : https://goo.gl/d7QBQZ
Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com
Subscribe Now To Our Network Channels:-
Times Now: https://bit.ly/SubscribeToTimesNow
Mirror Now: https://bit.ly/SubscribeToMirrorNow
Pushed via Slike