Sudarshan Sukhani, s2analytics.com advises traders to buy Tech Mahindra.
Sukhani told CNBC-TV18, “I would not have shorting candidates on mid-cap IT because a lot of them have actually collapsed today, hardly- a right location for going short. I do have an interesting buying idea and that is Tech Mahindra. Now buying should be done only if the Nifty opens well and the markets are at a comfortable level. This is a stock that is certainly looking much higher.”
On Jan 24, Tech Mahindra closed at Rs 991.60, up Rs 25.05, or 2.59%. It has touched an intraday high of Rs 1,015 and an intraday low of Rs 967.05.