Hold Sasken Communication: Mohindar

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Hold Sasken Communication: Mohindar

Rahul Mohindar of Viratechindia is of the view that one can hold Sasken Communication Technologies as 10-15% upsides in short-term should not be ruled out.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Sasken has target of Rs 160-170: Gujral Sasken continues to gain ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Sasken Comm See messages about Sasken Comm Sasken Comm BSE | NSE 28/05/12 Are Mutual Funds betting on Sasken Comm? Other Stocks in this news Bank of Maharashtra |

Rahul Mohindar of Viratechindia is of the view that one can hold Sasken Communication Technologies as 10-15% upsides in short-term should not be ruled out.

Mohindar told CNBC-TV18, "I think Sasken will still continue to move up and banking would largely be more a short move and I don't see it playing out for more than week. I think clearly 10-15% upsides in short-term should not be ruled out and so I would clearly recommend a hold. We have been recommending a hold for some time."

He further added, "For Bank of Maharashtra , I would use another 5-6% to nearly move out and that is the general view point which we have on banking."

Disclosure: Analyst doesn't hold any of the stocks discussed.