Mar 04, 2013, 01.01 PM | Source: CNBC-TV18
Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money feels IT stocks will continue to outperform seeing the current market conditions.
Hemant Thukral (more)
National Head- Derivative Desk, Aditya Birla Money | Capital Expertise: F&O
Thukral told CNBC-TV18, “If we see Friday’s data point, on weekly basis also, Tech Mahindra has added very good amount of open interest (OI). Friday itself we saw 34 percent addition in OI.”
”For a stock like Tech Mahindra, this is a huge OI being added up because it is not a trading stock usually. But now it again made a 52 week high. The cost has moved up; clearly telling that next level, which we are expecting, is Rs 1,125. The traders have to maintain a stop loss, so I will maintain a stop loss of around Rs 1,040 from where it has given a breakout. IT stocks will continue to outperform seeing the current market conditions,” Thukral added.
MSCI will be conducting their quarterly review tod
Prakash Gaba of prakashgaba.com is of the view tha
Axis Direct recommended hold rating on Tech Mahind
Tech Mahindra has halted its appraisal for employe
Edelweiss is bullish on Tech Mahindra has recommen