0 Comments
The re-election of Donald Trump as the US president and his subsequent decisions regarding tariffs have shaken the global markets. The recent changes and decisions made by the President have put a heavy toll on the Indian stock market. However, Indian tech giants like Infosys and TCS have been strong beneficiaries of the decisions made by the President allowing them to generate potential revenue, tap global markets, and achieve growth. The following article explores the best IT stocks that investors can select for their investment portfolio after the re-election of US President Donald Trump.
Best IT Stocks
The recent market rally in the month of November 2024, allowed both TCS and Infosys to achieve a growth of more than 4% in their stock prices. The stocks were the top gainers in terms of an increase in the stock price allowing the Indian IT index to grow at a rapid pace as well. With the US serving as the largest customer base for Indian IT companies, the growth in its overall economy through decision-making by the President has led to stabilization and even growth in the overall operations of the Indian IT companies. His corporate-friendly policies, deregulation, and America first decision can lead to an improvement in the overall performance of Indian IT companies.
Infosys
Infosys is one of the leading IT companies that has grown rapidly in the recent period. Moreover, with a great dependency on US companies for generating revenue, Infosys can achieve better growth through the recent policies by US President Donald Trump. Moreover, major analyst companies even consider Infosys as a reliable stock for a long-term investment portfolio of investors. Despite a fall of more than 14% in the last six months, the Infosys share price has delivered a return of 8% in the last financial year. With the restoration of the US as a strong client base, Infosys can experience growth and overall support. However, the recent headwinds and tariff wars can result in a slowdown which requires proper decision making by the investors.
Tata Consultancy Services (TCS)
TCS is another reputed information technology company that has grown at a rapid pace after the re-election of US President Donald Trump. With a similar dream dependency on US companies for generating revenue, TCS has been able to improve its overall operations and achieve growth. Moreover, the governing bodies of the company as well as analysts are optimistic about the positive change that Donald Trump’s decision can deliver for TCS. Though in the short term, TCS share price has increased by more than 4%, the long-term growth depends upon various factors like extension in tax records and the decision-making by the President.
Conclusion
The IT sector in India has grown with the re-election of the US President Donald Trump. Infosys and TCS have been the major beneficiaries of the decisions that the President has taken in recent months. However, investors must act through proper research and thorough reading before considering investment in the two stocks. Exposure to the IT sector can allow investors to generate returns thereby making proper analysis and careful selection necessary for the investors.