Indian IT companies benefit from strong US and European economies, as these regions drive over half their revenue. Positive US-China trade talks further stabilise the global outlook, boosting business confidence.
Coupled with global tech trends like digital transformation, cloud adoption, AI/ML, and cybersecurity demand, these factors support growth in the IT sector and the NIFTY IT index.
Here is the list of 3 stocks to keep on your watchlist
1. Persistent Systems
Persistent Systems is a global technology services company that specialises in software product engineering and digital transformation. The company partners with independent software vendors and enterprises to build scalable and modern software systems. It operates across various domains, including healthcare, BFSI, and industrial tech.
Macquarie has given an Outperform rating on the company with a target price of Rs. 7,330, which is an upside of 22 percent from current levels of Rs. 6,015. Citing strong revenue and margin growth, the global brokerage also mentioned that the company outperformed in revenue growth with healthy margins when compared to its peers.
2. Coforge
Coforge is a global digital services and solutions provider that focuses on delivering differentiated digital and cloud-based services to clients primarily in the insurance, banking, and financial services, travel, and healthcare sectors. Known for its strong domain expertise and client-centric approach, Coforge emphasises co-innovation and long-term partnerships.
Global Investment bank JP Morgan has given an overweight rating on the stock with a target price of Rs. 2,080, which is an upside of 14 percent from current levels of Rs. 1,827. Citing that the company has leading growth prospects in the industry, with good margin expansion, and the company’s management staying bullish, with no macroeconomic concerns that might impact its peer
3. LTIMindtree
LTIMindtree is a global technology consulting and digital solutions company formed by the merger of L&T Infotech and Mindtree. It serves a wide array of industries such as manufacturing, retail, BFSI, energy, and technology.
Mirae Asset’s Sharekhan has given a Buy rating on the stock with a target price of Rs. 6,200, which is an upside of 14 percent from current levels of Rs. 5,454 per share. Citing strong order inflow, growth being aided by an agribusiness deal win, followed by good pipeline and execution capabilities.
Written By Abhishek Das
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