- For those who have a long-term vision, say for one year, the market experts have recommended Wipro and TCS stocks as their Akshaya Tritiya stock picks. (ANI)
Stocks to shop for today: the state is celebrating Akshaya Tritiya today. The day is taken into account as an auspicious day for creating new investments. So, for those that have a long-term vision, say for one year, the market experts have recommended these two IT stocks as their Akshaya Tritiya stock picks. They said that fresh Covid-19 cases in India have come down but the fear remains around the corner and hence one should remain vigilant while making any stock investment decision. They said that thanks to the Covid-19 spread IT sector will outperform other sectors in long term. On this Akshaya Tritiya experts advised stock exchange investors to shop for Wipro and TCS — two large-cap IT stocks to shop for today for one year or quite a one-year time frame.
Speaking on the Akshaya Tritiya shares to shop for today Avinash Gorakshkar, Head of Research at Profitmart Securities said, “It’s true that Covid-19 cases in India have come down but it is also an incontrovertible fact that FIIs aren’t able to take any risk in current Indian markets. they’re in wait and watch situation and hence we’d like to take a position in safe options only. it’s safe in current markets and hence I might recommend major large-cap IT stocks like Wipro and TCS for long-term investors who want to stay invested for a minimum of one year.
Unveiling important numbers in reference to Wipro share price Ravi Singhal, president at GCL securities said, “One can purchase Wipro shares at around ₹500 for the target of ₹700 keeping a strict stop loss at ₹444.” Currently, Wipro share price is trading at ₹498.40 (9:32 AM) at NSE and one can purchase Wipro stocks at the present market value also, said Ravi Singhal.
On TCS share price levels Ravi Singhal of GCL Securities said, “One can purchase TCS shares at around ₹3,000 for one year target of ₹4,000 maintaining strict stop loss at ₹2,880.” TCS share price is currently trading at ₹3,043.60 at NSE (9:33 AM).