Sonata Software a trading bet, says Ambareesh Baliga, COO, Way2Wealth.
Baliga told CNBC TV18, "Stocks like Sonata, I suppose its more rumor driven about acquisitions and things like that. I think that's what is driving it. So I think it's basically a trading bet for the time being. But a stock like Infosys, the day their results had come up we had a price target of about Rs 2800-2825. In fact it touched those levels a couple of days back and we had bought at those levels."
He further added, "Again it would be more of an investment bet at this point of time at these levels. Because again the swings haven't been too great for - having a trading bet in a stock like Infosys but the other IT stock where we are quite positive on is HCL Tech . I think that we are not really looking at any other IT stocks."
