Mphasis can move above Rs 1000: Baliga

Published on Thu, Nov 26, 2009 at 11:37 |  Source : CNBC-TV18

Updated at Thu, Nov 26, 2009 at 17:14  

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Ambareesh Baliga, Karvy Stock Broking

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Mphasis can move above Rs 1000, says Ambareesh Baliga of Karvy Stock Broking.

Baliga told CNBC-TV18, "We like Mphasis and the results which came out yesterday were more or less in line with what we were expecting and looking at possibly Rs 60-65 EPS next year. I think this stock should move to levels of Rs 1000 plus, so we were quite surprised when we saw some adverse reaction yesterday in the markets but we are using that opportunity to buy more at lower levels."

  

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