TCS vs HCL Tech vs Wipro vs Infosys: Which stock to buy after Q4 results 2024?

Which IT institution gave amended Q4 results 2024?

Speaking connected Q4 results 2024 of the 4 Indian IT majors, Amit Goel, Co-Founder and Chief Global Strategist astatine Pace 360 said, “TCS reported a consolidated nett net of ₹12,434 crore for the 4th quarter, marking a 9% summation from ₹11,392 crore recorded a twelvemonth earlier. Revenue from operations experienced a flimsy year-on-year (YoY) uptick, rising by 3.5% to scope ₹61,237 crore."

On Wipro Q4 results 2024, the Pace 360 adept said, “Wipro recorded a consolidated nett net of ₹2,835 crore, marking an 8% diminution compared to the aforesaid play past twelvemonth erstwhile it stood astatine ₹3,074 crore for the 4th ended connected March 31, 2024. Revenue decreased by 4% YoY to ₹22,208 crore, down from ₹23,190 crore successful the aforesaid play past year."

On Infosys Q4 results, Amit Goel said that Infosys reported a nett net of ₹7,975 crore successful the March quarter, portion full revenues came successful astatine ₹37,923 crore.

Asked astir the HCL Tech results Q4 for FY24, Amit Goel said, "HCL Technologies reported a nett net of ₹3,986 crore for Q4FY24, marking a flimsy summation from ₹3,983 crore reported successful the corresponding play past year. It posted a 7% emergence successful revenue, reaching ₹28,499 crore successful Q4FY24 compared to ₹26,606 crore successful the aforesaid play of the erstwhile year. Despite hard times, it led the manufacture successful FY24 with a beardown 5.4% YoY maturation successful USD revenue. Going forward, the adoption of AI volition lone thrust an summation successful worldwide endeavor IT spending. They are well-positioned to capitalize connected AI-led propositions, a planetary transportation model, and an perfect premix of exertion services and products."

Q4 results: TCS vs HCL Tech vs Infosys vs Wipro

Comparing Q4 results of HCL Tech, TCS, Wipro, and Infosys, DK Mudaraddi, Research Analyst astatine Stoxbox said, “Amid a challenging concern environment, betwixt TCS, Infosys, and Wipro, TCS’ effect has displayed the astir resilient show crossed each fronts. Financials for Infosys and Wipro were anemic arsenic the companies were not capable to guarantee timely ramp-up of deals and fell prey to indecisive and subdued discretionary spending. TCS nevertheless was capable to proceed banking connected its megadeals for steadfast billing and was besides capable to guarantee that its caller woody pipeline continued to turn to multi-year highs underscoring their ratio and proactive innovation successful presumption of services they supply to clients. Attrition nevertheless was the highest for Wipro followed by Infosys and past TCS. Despite the diminution successful LTM attrition year-end headcounts bespeak a important simplification for Infosys, Wipro, and TCS for the archetypal clip successful implicit a decade. HCL Tech being an objection added employees during the play and the fiscal year. This diminution reflects a cooling down of the occupation marketplace aft the pandemic-induced integer roar led to assertive hiring by companies and startups. This comes astatine a clip erstwhile IT companies are looking to amended the utilization complaint of existing employees amidst lowering attrition, to turn margins."

"HCL Tech’s margins suffered much than others owed to a slowdown successful their high-margin bundle products business. After looking astatine the results of these IT giants 1 tin announcement a wide absorption connected ratio and expanding utilization to subsequently recognize higher margins successful a challenging request situation wherever discretionary spending has been connected a decline. This situation has a fewer greenish shoots for illustration successful the manufacturing and healthcare sectors nevertheless the largest sectors of BFSI, Retail, and Energy stay anemic and betterment tin lone beryllium expected from Q2FY25 onwards arsenic finalized lawsuit budgets volition travel into execution," the StoxBox adept added.

Which IT banal to bargain connected Monday?

On what method illustration reflects astir TCS, Infosys, Wipro, and HCL Tech shares, Sugandha Sachdeva, Founder of SS Wealth Street said, "Among the 4 IT majors- Infosys, TCS, HCL Tech, and Wipro, the terms patterns for Infosys and Wipro look much favorable from a mean to semipermanent perspective. Our apical prime would beryllium Infosys, which has shown beardown performance. After forming a basal astatine ₹1185 successful April past year, Infosys rallied to ₹1733 successful Feb’24, marking a important 46% gain. The caller retracement has led to a short-term basal of astir ₹1350, with the banal present consolidating and apt to determination higher towards ₹1600 successful the adjacent term. A interruption supra ₹1650 could unfastened up further gains towards ₹1900 and beyond successful the agelong term."

"Wipro is our 2nd pick, having besides seen important gains of astir 55% from its lows successful Apr’23 to caller highs of Rs. 545.90 successful Feb’24. The banal has re-tested its erstwhile resistance-turned-support astatine Rs. 445 and is poised to resume its upward trajectory. Wipro has the imaginable to scope Rs. 615 and beyond successful the agelong term, offering a imaginable instrumentality of astir 34% successful the mean term," the SS WealthStreet adept added.

Speaking connected the TCS stock terms method chart, Sugandha Sachdeva said, 'In the bid of preference, TCS is placed arsenic our 3rd pick, followed by HCL Tech arsenic the 4th pick. TCS has breached its erstwhile precocious of Rs. 3625 and tested caller highs astir ₹4254 past month. The caller nett booking could pull buying involvement yet again, perchance driving the banal towards ₹4750 level successful lawsuit it manages to prolong supra ₹4120 levels."

Sugandha went connected to adhd that HCL Tech's inclination appears positive, though immoderate corrective declines whitethorn occur. As agelong arsenic the banal holds supra ₹1250 connected a closing basis, a buy-on-dips strategy seems viable.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 27 Apr 2024, 10:47 AM IST