Anil Singhvi says stay invested in top IT stocks; Infosys and Wipro shares will stay strong

A day after Infosys and Wipro results were announced, Zee Business Managing Editor Anil Singhvi said that the commentary from the managements of both the companies is Bullish; the confidence and the guidance given by the managements for their companies is in fact, extremely strong. It is difficult to find such a strong commentary and it seems 2021 will be a good year for IT companies.

See Zee Business Live TV Streaming Below:

Also, the Market Guru said that irrespective of the price of the buybacks from top tech companies, investors should avoid surrendering their shares thinking that they would buy later at lower levels. He strictly recommends staying invested in Big IT names (Infosys, Wipro, TCS and HCL Tech). The quality of the stocks that investors are holding are extremely strong and the management of the company is well trusted in the investment community in the past, present and will enjoy investor’s confidence in future as well. There can be a good chance that investors may have to stay invested longer if they are buying at higher levels (near 52 week high), but certainly they will not incur losses if they invest in quality companies.

See Zee Business Live TV Streaming Below:

After strong Q3 results and guidance given by Infosys and Wipro, the stocks may open gap up and may witness some profit booking after strong opening. These stocks would remain buy on dips and downside remains capped on these stocks. It is difficult to time the market and say when the markets would witness some correction. Big IT names would stay strong and hold on to current levels in spite of the correction in broader markets. IT stocks will continue to outperform and one should stay invested in falling markets.