Tulsian told CNBC-TV18, "If one see for last couple of months - infact when the Hexaware Tech came out with September quarter results it shows a lot of trading interest or buying interest and went up to Rs 85-89 but since then it has been moving in a range. If you really need to ask me that probably 2 or 3 stocks where one can really take a punt, one is Mphasis. At Rs 300 it looks good, second could be Rolta because the kind of beating it has taken because of the FCCB liability or because of the debt concerns on the books of the company, that has made the stock to correct a lot and third could be Polaris because that has started showing some interest for last 15 days. So, may be these 3 stocks probably I will keep on radar rather than Hexaware because Hexaware has not been showing any trading movement for the last couple of months or so."
He further added, "I have only heard the news in Orchid Chemicals that they have developed some and this is going to be quite positive. I think it is from Europe region. Apart from that even the forex losses should be helping the company, maybe the new guidelines on the booking of the forex losses. So it could be combination of both the factors because stock has been seeing, quite short sold positions have been existing in the system. So both these news put together may have seen this positive effect on the stock price."
