TCS vs Infosys vs Wipro vs HCL Tech: Which stock to buy after Q3 results 2024?

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TCS vs Infosys vs Wipro vs HCL Tech: After the announcement of Q3 results 2024 by Indian IT majors — HCL Technologies, Tata Consultancy Services (TCS), Infosys, and Wipro, in the week gone by, all four IT majors of the Indian stock market have been in a bull trend. In early morning deals on Monday, all four IT stocks touched new 52-week highs respectively. HCL Tech shares hit a new lifetime high after climbing to its new 52-week high on Monday.

TCS share price today touched a new 52-week high of ₹3,964.80 apiece on NSE, Infosys shares climbed to a new 52-week high of ₹1,661.70 per share while Wipro share price today hit a new 52-week high of ₹529 per equity share. According to stock market experts, Indian IT majors are rising these days as the market is expecting a rise in IT budget in the US ahead of the US presidential elections. Due to this speculation, Indian IT stocks are rising as they are expected to benefit from this.

As these companies declared their Q3 results 2024 last week, the market has a clear picture of their fundamentals. They advised investors to buy IT stocks based on their fundamentals as stocks with strong fundamentals may outperform others in this bull run. Comparing Q3 results 2024 of these four Indian IT majors, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Comparing Q3 results 2024 of all four IT majors, it is obvious that all of them are sitting on strong cash reserves.

But, in terms of improvement in margins and business volume, HCL Tech shares are sitting ahead of all other three IT shares. TCS has shown improvement in its Q3 results and hence this comes immediately after the HCL Technologies. However, Q3 results of Infosys and Wipro were not very impressive and hence