Mumbai :
Axis Securities, a reputable brokerage firm, has pinpointed two promising IT stocks that could potentially lead to substantial gains.
Koforge
Koforge, a prominent name in the IT sector, concluded Friday’s trading at Rs 4,931, marking a slight decline of 1.48%.
Despite this, Axis Securities is bullish about the company’s growth prospects and envisions the stock climbing to Rs 5,900 in the near future.
This optimism has prompted the firm to issue a strong buy recommendation, targeting this price point. Among 27 analysts, 15 have given their nod for a buy recommendation.
Within this group, 10 analysts lean towards a Buy rating, while 5 advocate for a Strong Buy rating. Additionally, 6 analysts suggest holding the stock, and an equal number of analysts recommend selling it.
Indiamart Intermesh
The second contender on our list is Indiamart Intermesh. Axis Securities has set a target price of Rs 3,625, anticipating substantial growth potential.
Following Friday’s market downturn, the stock closed at Rs 3,071.25, experiencing a decrease of 1.82%.
Apart from Axis Securities, 6 out of 16 analysts stand firm with a Strong Buy rating on IndiaMART InterMESH.
Additionally, 5 experts endorse a Buy rating, while 2 market analysts advise holding the stock.
Three analysts have suggested selling it.
When considering stock investments, it’s wise to heed the insights of trusted experts and make well-informed choices to potentially unlock millionaire gains in the world of trading.
