Subex can bounce back to Rs 200-225: Baliga

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Subex can bounce back to Rs 200-225: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that Subex can bounce back to Rs 200-225 in the next couple of months. Allsec Tech which is basically in to BPO space, which has cash in books of around Rs 85-90 which is quoting at closer to Rs 60, so its quoting to even a discount to which the cash which it has in its books, he added.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Subex may test Rs 275-300: Baliga Subex surges nearly 13% ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Subex See messages about Subex Subex BSE | NSE 28/05/12 Are Mutual Funds betting on Subex? Other Stocks in this news ALLSEC Technologies |

Ambareesh Baliga of Karvy Stock Broking is of the view that Subex can bounce back to Rs 200-225 in the next couple of months.

Baliga told CNBC-TV18, "At the small and midcap space, I don't think you can really be sector specific and you need to have a bottom up approach and we have been tracking a couple of stocks, which are actually quoting at major discounts to its intense value and in fact we have been buying those on dips. We have few in the IT space, which we will buy. Allsec Technologies which is basically in to BPO space, which has cash in books of around Rs 85-90 which is quoting at closer to Rs 60, so its quoting to even a discount to which the cash which it has in its books. Subex has moved from levels of Rs 600 odd to levels closer Rs 100-112, an at least today its quoting at around Rs 123-124, here we see it again bouncing back at least around to Rs 200-225 levels in the next couple of months."