Indian IT giants TCS, Infosys, and HCL Technologies have released their Q2 results. Here is a comparison and analysis of their stock performance.
| Company | Topline (YoY) | Operating Profit (YoY) | Operating Profit Margin (Q2, FY23) | Net Profit (YoY) | EPS (YoY) | Market Capitalization |
| TCS | Rs. 59,692 cr. Vs Rs. 55,309 cr. | Rs. 15,746 cr. Vs 14,516 cr. | 26% | Rs. 11,380 cr. Vs Rs. 10,465 cr. | Rs. 31 vs Rs. 28.51 | Rs. 13,06,703.01 cr. |
| Infosys | Rs. 38,994 cr. Vs Rs. 36,538 cr. | Rs. 9,440 cr. Vs 8,902 cr. | 24% | Rs. 6,215 cr. Vs Rs. 6,026 cr. | Rs. 14.97 vs Rs. 14.31 | Rs. 5,94,367.52 cr. |
| HCL Technologies | Rs. 26,672 cr. Vs Rs. 24,686 cr. | Rs. 5,929 cr. Vs 5,425 cr. | 22% | Rs. 3,833 cr. Vs Rs. 3,487 cr. | Rs. 14.12 vs Rs. 12.86 | Rs. 3,40,725.68 cr. |
Various brokerage firms gave their opinions on these 3 stocks as follow:
Brokerage Calls on TCS:
Emkay Global: “Hold” with a price target of Rs. 3,550.
Motilal Oswal Financial Services: “Bullish” with a price target of Rs. 4,060.
HDFC Securities: Price target of Rs. 3,800.
Goldman Sachs: “Buy” with a price target of ₹4,020 per share.
HSBC: “Hold” with a target at ₹4,020 per share.
Morgan Stanley: “Equal weight” rating with a price target at ₹3,590 per share.
Nomura: “Reduce” with a price target of ₹3,030 per share.
Jefferies: “Hold” with a revised price target of Rs. 3,690, citing disappointment with revenues but satisfaction with higher-than-expected margins.
Citi: “Sell” with a target at ₹3,170 per share.
TCS shares closed at Rs. 3,574.30 on Friday, up by 0.90% at NSE.
Over the past 52 weeks TCS stock has increased by 15.05%.
Over the past 5 years TCS stock has surged by 86%.
Brokerage Calls on Infosys:
HDFC Securities: Raised the target price to Rs. 1,470.
Motilal Oswal: Raised the target price to Rs. 1,660.
JP Morgan: “Neutral” with a target price of Rs. 1,400.
Axis Securities: “Sell” and cuts target price to Rs. 1,300.
Infosys shares closed at Rs. 1,432.85 on Friday, down by 2.23% at NSE.
Over the past 52 weeks Infosys stock has shown a 0.85% gain.
Over the past 5 years Infosys stock has advanced by 109%.
Brokerage Calls on HCL Technologies:
HDFC Securities: “Accumulate” with a price target at Rs. 1,255.90.
Motilal Oswal: “Buy” with a target price of Rs. 1,410.
ICICI Securities: “Accumulate” and sets a price target at Rs. 1,295.
HCL Technologies closed at Rs. 1,257 on Friday, up by 2.72% at NSE.
Over the past 52 weeks HCL Technologies stock has experienced a substantial gain of 27.90%.
Over the past 5 years HCL Technologies stock has seen remarkable growth of 162%.