Enter Mastek, NIIT: S Shenoy

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Enter Mastek, NIIT: S Shenoy

Sandeep Shenoy of Pioneer Intermediaries is of the view that one can enter Mastek, NIIT. Most of these companies have pretty decent amount of cash in their balancesheet and the worst of the phase is over and the newsflow from US as regard spending on IT is also becoming slowly encouraging

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sandeep Shenoy See what other Experts & Brokerages are saying about Mastek See messages about Mastek Mastek BSE | NSE 13/02/12 Are Mutual Funds betting on Mastek? Other Stocks in this news NIIT |

Sandeep Shenoy of Pioneer Intermediaries is of the view that one can enter Mastek , NIIT .

Shenoy told CNBC-TV18, "Some of the smaller IT stocks such as Mastek or NIIT are definitely pretty decent remunerative stocks for people to enter at a current level. Risks are capped, I think most of these companies have pretty decent amount of cash in their balancesheet and the worst of the phase is over and the newsflow from US as regard spending on IT is also becoming slowly encouraging. It is not extremely buoyant but it is encouraging and it is not depressing as what it was in January. So I guess it makes this kind of companies a good buy at current levels."