Profit booking may see in Hexaware around Rs 100, says SP Tulsian, sptulsian.com.
Tulsian told CNBC-TV18, "Hexaware's numbers have been good and in fact if you see the guidance given by the company for CY12 also has been very good but the kind of run-up which we have seen in the stock in fact the stock has been hovering in a range of Rs 78 to Rs 86 maybe if you see for last couple of months but for last two days after this results have been announced stock has moved to Rs 97-98."
He further added, "I don't think that it has legs to move beyond Rs 100 because whatever has to get corrected into the share price or reflected into the share price has come. So probably after Rs 100 crossing the level of Rs 100 we may see profit booking which can bring down the share price again back to Rs 90-92."
