Technology sector stocks to see a boom, says expert Sanjiv Bhasin; picks HCL Tech, Persistent Systems, Mphasis stocks for robust returns

Investors must keep a contrarian approach towards the stock markets in order to reap high returns, expert Sanjiv Bhasin recommends. The IIFL Securities , Director had earlier recommended buying in cement stocks and said that a temporary hike in coke prices and crude oil prices would be met by a price hike in the cement sector. 

Ambuja Cement, Ultratech Cement, and Shri Cement have surpassed their targets, he said.

He said that as TCS quarter results are set to be announced today and he expects it to come out with the best quarterly numbers. Margins, turnover and guidance, can be up as well for the company. 

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There is a possibility of short covering in the TCS Shares, as investors have ignored the technology shares in anticipation of TCS, Bhasin said.

The guidance can move the technology stocks up to 5 per cent tomorrow, he further said. 

The three stocks recommended by Bhasin are:-

HCL Tech

HCL will give the best results in Banking, Financial Services, and Insurance (BFSI) space, Bhasin said.

Price: Rs 1130

Target Price: Rs 1200

Stop Loss: Rs 1110

Persistent Systems

He added that it would give the stand-out numbers in the mid-cap technology shares.

Price: Rs 4550 - Rs 455

Target Price: Rs 4800

Stop Loss: Rs 4470

Mphasis

Bhasin reiterated his stance on the company.

Price: Rs 3120

Target Price: Rs 3250 - Rs 3200

Stop Loss: Rs 3050

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 3 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/H5UVK5c05l

— Zee Business (@ZeeBusiness) April 11, 2022