Will IT stocks survive? Infosys - TCS

Do IT stocks like TCS, Infosys bounce back?

IT stocks are currently trading at about 30% less than their all time high. Showing signs of bounce but being sold out. To achieve the earlier high, IT stocks have to give 35%-40% profit.

Seems it may not move till financial results for current quarter proves good.

I was holding Infosys at Rs.1925. Since my last msg regarding Infosys, somehow I was not convinced on the price action and hence I posted that my call is invalid, as it fell down drastically and bounced to that level. So I sold at small profit and exited. Then it fell abt 30-40%.

Current situation - One side war, another side tariff, INR depreciation - all punching the stocks down.

To my opinion, its time for buying. I bought with confident that when I was ready to hold at Rs.1925, then why not at 1580 (30% down plus 3% money depreciation plus 4% inflation)? I missed to opportunity to buy at 1300 when it fell earlier.

For next two months, it will be on downside, and good to accumulate on every down of 5%.

As I earlier informed, Nifty range will be 23000-25000 for another 3-4 months. Breaking either side is a tough game, if do so may bounce back to this range soon.

Logic, all individuals and corporates have lot of government printed money (both US and India). To my opinion like gold, Nifty also may double in next 5 years. Same way, the stocks associated with Nifty (not all).

Above is for educational purpose only. Nothing is guaranteed. If announced bankrupt, you may loose all your money. Hence take call as per your study and analysis.

Happy Investing !!!