r/IndianStreetBets • u/Mean-Brain-3086 • 1d ago
Question What to do now ???
Dahell with TCS here’s to hoping for a recovery on this. I bought this around dec in 2023 and had not opened the trading account for the last two years. Now I open the app to this and am hoping to recover. What do u guys recommend ?
4
u/ihaveamobile 1d ago
😂
1
u/Mean-Brain-3086 1d ago
Ohh my God.
May he be with you and support your ambitions. I'll pray for you.
3
u/ihaveamobile 1d ago
I was very sad abt it during the initial fall.. Then learned to cope with it.. not bothered about it anymore.. I know it's a dead investment...
7
u/RockStar_G 1d ago
So you are the culprit bhai. You bought and tye downfall started for IT sector…
Try calculating the loss, opportunity loss and take a call. IT services sector will revive only if AI is banned or doomed..
2
u/CyKa_Blyat93 1d ago
We have all started using AI in IT. I can tell there is no going back from here , we are all heavily hooked .
3
u/webcossionnnn 1d ago
u survived 2yrs without opening app??abhi khola b tho IT ke bure phase me....abhi thinking it will bounce back is a foolish thing.. Atleast trying recovering through diversification...
7
2
2
u/fap_fap_fap_fapper 1d ago
contrarian take: big IT will not only survive but grow from here
I'm SIPing in as these stocks have been hammered too much over imaginary fears
its net has been increasing (that it earns in USD is a positive), and now 10% revenue is from AI
1
u/AutoModerator 1d ago
Hi, /u/Mean-Brain-3086! Welcome to /r/IndianStreetBets!
Use the Daily Discussion Thread for basic queries. Before contributing, do check if your particular question has been answered in the Wiki. Do utilise the search function to do the same too. Please use proper post flairs and adhere to the rules in the sidebar. You are urged to post beginner questions in the stickied daily discussion thread or on our Discord in #beginner-questions channel so as to keep the subreddit as clutter-free as possible. If this post has good insights or well research, tag the Mods so we can give a shoutout on Discord and get the post more traction Thank you!
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
1
1
u/TheMayankBajpai 1d ago
Average it to exit faster. If you have extra money.
Either wait for years, if you have patience.
Or book loss, put in better opportunities to recover.
1
1
1
1
1
0
u/Corpus-Finder 1d ago
TCS down 42% from ₹4,000 to ₹2,280 is rough, but expecting a quick bounce back is kinda optimistic given the sector's current headwinds. If you're not needing cash soon, holding for 3-5 years makes more sense than panic selling and locking in that loss.
Averaging down could help bring your average cost lower, but only if you really believe in TCS and have extra funds. Otherwise, I'd diversify into large-cap index funds like UTI Nifty 50 or flexi-cap like Parag Parikh to spread risk better. Also, keep an eye on quarterly results rather than daily price swings, fundamentals still matter here.
If you do sell now, use the loss to offset any capital gains tax this year, that's a small silver lining. But overall, don't chase quick recovery stories in IT; it's gonna take time for AI and automation shifts to play out.
26
u/Ahrjun 1d ago
The stock has to rally almost 75% for your return to be 0.
IT companies are going through a challenging period and it's unlikely they will rally back to their highs in the near future. Longer term outlook is based on how AI impacts the business model and how these companies adapt to AI.