Exit Polaris Software Lab says Mohindar

Rahul Mohindar of Viratechindia is of the view that one should exit Polaris Software Lab as IT is not going to have favour next couple of days.

Mohindar told CNBC-TV18, "Ever since we got the announcement, the level between Rs 65-75 historically has been very good support. That is why one is seeing that kind of a bounceback. But I wouldn’t read too much into this kind of a bounceback. I would like to see a couple more days."

He further added, "I personally don’t think that IT is really going to have favour in the next couple of days. So, I would avoid Polaris. If one were long in it, I would exit it."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks or sectors discussed.