TCS vs HCL Tech vs Wipro vs Infosys: Which stock to buy after Q4 results 2024?
IT stocks to buy on Monday: After the declaration of Q4 results 2024 by the Indian IT majors like Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies, it might become tricky for an investor to fish out the value pick in the IT segment. To clear the confusion for investors stuck among the shares of TCS, Infosys, Wipro, and HCL Tech, stock market experts say that TCS Q4 results have outperformed Wipro, Infosys, and HCL Tech results.
However, they maintained that HCL Tech adopting AI at a faster rate can be a game changer in the long term. Speaking on Q4 results 2024 of the four Indian IT majors, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360 said, “TCS reported a consolidated net profit of ₹12,434 crore for the fourth quarter, marking a 9% increase from ₹11,392 crore recorded a year earlier.
Revenue from operations experienced a slight year-on-year (YoY) uptick, rising by 3.5% to reach ₹61,237 crore." On Wipro Q4 results 2024, the Pace 360 expert said, “Wipro recorded a consolidated net profit of ₹2,835 crore, marking an 8% decline compared to the same period last year when it stood at ₹3,074 crore for the quarter ended on March 31, 2024. Revenue decreased by 4% YoY to ₹22,208 crore, down from ₹23,190 crore in the same period last year." On Infosys Q4 results, Amit Goel said that Infosys reported a net profit of ₹7,975 crore in the March quarter, while total revenues came in at ₹37,923 crore.
Asked about the HCL Tech results Q4 for FY24, Amit Goel said, "HCL Technologies reported a net profit of ₹3,986 crore for Q4FY24, marking a slight increase from ₹3,983 crore reported in the corresponding period last year. It posted a 7% rise in revenue, reaching ₹28,499 crore in Q4FY24 compared to
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