These 4 Large-Cap Stocks Are Just 6% Away From 52-Week Low, Get Buy Call

Four large cap stocks have witnessed a sharp decline and very close to their 52-week low. These stocks may include Tata Consultancy Services Ltd., Infosys, HCL Technologies, and Wipro Ltd.

Stock	52-Week Low
Tata Consultancy Services Ltd	6% Away from 52-week low
Infosys	6 % Away from 52-week low
HCL Technologies Ltd	6% Away from 52-week low
Wipro Ltd	4% Away from 52-week low

1. Tata Consultancy Services Ltd

The current market price of the stock is Rs 3151 apiece on BSE. The company has a market capitalization of Rs 11,53,003.68 crore at the time of writing the report. The stock is currently just 6% away from its 52-week low. The stock's 52-week high is Rs 4045 apiece and 52-week low is Rs 2953 apiece. TCS is a large cap IT company of Tata Group.

Tata Consultancy Services Limited (TCS), a Tata Group company, gets a buy call for a target price of Rs 3,650 apiece in the recently published report of Ashika Stock Broking, a leading brokerage firm. Considering the stock's current market price and the brokerage's estimated target price, the stock could surge and give a potential gain of 17% in 12 months.

TCS continue to witness healthy deal pipeline in 1QFY23. Management also indicated a good visibility on the pipeline over the next few months.

2. Infosys

The current market price of the stock is Rs 1457 apiece. The stock's 52-week high is quoted at Rs 1953 apiece and 52-week low is Rs 1367 apiece. Currently, the stock is just 6% away from its 52-week low. The company has a market capitalization of Rs 6,13,401.13 crore at the time of writing the report.

Two days ago, Axis Securities has given a buy rating to the stock of Infosys for a target price of Rs 1750. Infosys Ltd came into existence in 1981. The large cap company operates in IT Software sector.

The brokerage has given a buy call to the stock and assign a 24x P/E multiple to its FY24E earnings of Rs 73.4/share to arrive at a TP of Rs 1,750/share, with a potential return of 20%.

3. HCL Technologies Ltd

The current market price of the stock is Rs 931. Its 52-week high is Rs 1377 apiece and 52-week low is Rs 875 apiece. Currently, the stock is just 6% away from its 52-week low. It has a market capitalization of Rs 2,52,845.75 crore.

Recently, leading brokerage Sharekhan, in its latest report, has given buy rating to the stock of HCL Technologies for a target price of Rs 1140 apiece and investors can get a return of 23% in 12 months period.

HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Through its worldwide network of R&D facilities and co-innovation labs, global delivery capabilities, and over 211,000 'Ideapreneurs' across 52 countries, HCL delivers holistic services across industry verticals to leading enterprises, including 250 of the Fortune 500 and 650 of the Global 2000.

4. Wipro Ltd

The current market price of the stock is Rs 407 apiece with a 52-week high at Rs 739 apiece and 52-week low at Rs 391 apiece. The stock is just 4% away from its 52-week low.
Leading brokerage Edelweiss in its July 21, 2022 report has given buy rating to the stock for a target price of Rs 851 when it was trading at Rs 412 apiece. The brokerage gave a target period of 12 months for the stock to reach the target price.
Wipro Ltd a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

Disclaimer

The above stocks have been picked from the brokerage reports of Sharekhan, Axis Securities, Edelweiss and Ashika Stock Broking. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.