Bernstein recommends betting on some stocks in the technology, media and internet sectors as he sees further earnings, strong US macro and an improvement in general AI spending. Bernstein has given preference to large-cap companies like Infosys Limited and Tata Consultancy Services (TCS). The brokerage has also included companies like Persistent Systems Limited and Coforge Limited in its favorite list.
The brokerage says Quick Commerce will outperform other channels with growth driven by new categories and Tier 2 expansion, with Zomato being the biggest beneficiary. Bernstein has selected some big stocks for the year 2025, which can give you good returns.
Infosys shares
Bernstein has kept the target price of the shares of the IT giant at Rs 2350 per share. Calling it a growth champion, Bernstein said Infosys has scope for margin improvement thanks to its strong position in cloud and digital services and a strong deal pipeline. IT firms are considered beneficiaries of the spending recovery and bank spending in the US. Bernstein estimates that Infosys’ FY 2025-27 growth rate will be 10 percent and EPS growth will be 14 percent.
TCS share target
Describing TCS as a margin champion, Bernstein said that the IT giant’s deal is good. The brokerage said that TCS has better capabilities. It has estimated the growth rate of TCS to be 9.5 percent and EPS growth rate to be 13 percent in FY 25-27, which is annual compounding growth. Bernstein has set the target of its shares at Rs 4,820 per share.
Persistent Systems Limited
The target of its shares has been kept at Rs 7,280. Bernstein said Persistent Systems has strong software products engineering (45 percent of revenue) and technology-based offerings (cloud, AI), a strong management team and a good customer base. Bernstein said the IT firm has the ability to win deals that reduce costs.
coforge
The target price of its shares is Rs 11,280. Bernstein said Coforge has strong capabilities in BFSI (50 percent of revenue) on the insurance platform. It is well diversified into banks, insurance and travel and is winning big deals.
zomato
The target of Zomato shares has been kept at Rs 335 per share. Bernstein said that Zomato has the top position in food distribution and fast grocery delivery. Zomato has seen strong user acquisition and expansion of total addressable market through dine out and other growth options.
bharti airtel share
The brokerage said that its shares can go up to Rs 1,770. Bharti Airtel is being considered as the beneficiary of Telecom. In this, the average users revenue (ARPU) is on top in growth and the telecom operator is improving cash flow. Growth opportunities are seen in enterprise and fiber and 5G rollouts.
(Note- Before investing in any share, definitely take the help of a financial advisor.)
