Exit Cambridge Solutions, says Sharmila Joshi

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Exit Cambridge Solutions, says Sharmila Joshi

Sharmila Joshi of Asit C Mehta is of the view that one can exit Cambridge Solutions.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sharmila Joshi See what other Experts & Brokerages are saying about Cambridge Sol See messages about Cambridge Sol Cambridge Sol BSE | NSE 30/05/12 Are Mutual Funds betting on Cambridge Sol?

Sharmila Joshi of Asit C Mehta is of the view that one can exit Cambridge Solutions .

Joshi told CNBC-TV18, "In Cambridge Solutions the kind of operating numbers we are getting it doesn't seen particularly attractive because it's in the BPO space, it as a strong presence in the insurance processing domain, lot of its business comes from US so that part seems okay. In between there is a buzz that a strong company is going to buy a big stake in the company which is why it had a run-up but that news is still not confirmed in fact the management has denied it. So unless something like that develops and that could possibly take the stock up from the current level that it's at that could mean significant amount of increase business if some strong player buys it."

She further added, "If that is not going to pan out and if that's not going to happen then its best to switch out of this stock. So perhaps wait a bit these were the rumours hearing about a month back so wait a bit and see if there is any truth in that otherwise I would advice that switch. Even in the IT space there are stocks where even from current levels you would get a decent return."