Buy NIIT on dips, says Anu Jain

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Buy NIIT on dips, says Anu Jain

Buy NIIT on dips, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about NIIT See messages about NIIT NIIT BSE | NSE 10/02/12 Are Mutual Funds betting on NIIT?

Buy NIIT on dips, says Anu Jain , Vice President - IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "NIIT could be bought this morning that could be pretty strong. I still feel that since the largecap IT has really run off, it's the midcap which needs to catch up. Overall last week also we saw the midcap stocks in other sectors really out performed and this is one sector which needs to catch up."

She further added, "At Rs 76.50 it's made its 52 week high, so I would buy it on any dip till Rs 74.60 with a stoploss of Rs 73.50. My target is Rs 87 which gives a good Rs 10; it's roughly about 12-13%, so I would probably look at buying this on any dip if the market provides that."