Market experts are recommending a strategic shift away from traditional IT giants toward emerging technology companies. According to CA Rudra Murthy B.V., Founder Director of Vachana Investments, investors should consider switching from stocks like Tata Consultancy Services Ltd. (TCS) and Infosys to companies such as Coforge, Tech Mahindra, and Oracle Financial Services. As reported by NDTV Profit's Ask Profit show, TCS currently trades at ₹2,334.00 and lacks relative strength compared to other IT sector players. The expert specifically advises against averaging down on TCS, noting that the stock has shown downward price movement but rising volumes, suggesting potential for a bounce.
The automotive sector presents mixed recommendations based on valuation considerations. TVS Motor Company Ltd., trading at ₹3,285.00, is recommended as a hold by Nirav Asher, Head-Equity Research Analyst at Latin Manharlal Sec Pvt Ltd. The expert notes that TVS trades at around 55 times price to earning multiples and maintains strong prospects due to premium market valuations. However, Ather Energy Ltd., priced at ₹912.20, receives a buy recommendation due to the clear momentum in electric vehicles. According to Nirav Asher, the competitive space is high but prospects are improving for Ather and Ola Energy, with the expert emphasizing that "Clearly EV is the way forward, so there is a lot of thrust on electric vehicles."
Several stocks are being recommended for specific technical levels and exit strategies. Uno Minda Ltd., trading at ₹1,053.90, is advised to sell at any bounce according to Rudra Murthy, as the stock has shown downward price movement but rising volumes. For long-term investors, the last support level is identified at ₹990, with the expert specifically advising "Don't average this stock at all." Aeroflex Industries Ltd., at ₹381.90, is recommended as a hold, with Rudra suggesting it could be a buy opportunity if the stock dips to levels close to ₹350. Data Patterns (India) Ltd., trading at ₹3,683.90, is also advised as a hold despite mixed quarterly results, with the expert noting potential near-term headwinds due to sharp decline in BrahMos orders, though the stock looks attractive from a two-year perspective.
