Anand Tandon of Gryffon Investment Advisors expects Tech Mahindra will be volatile for sometime.
Tandon told CNBC-TV18, "Tech Mahindra is the company, which is going to make its space among the larger ones in the sector. Overall the tech area, especially in the midcap looks quite interesting but Tech Mahindra again the analyst estimates are likely to go up, there is perhaps some more room for the stock. But again the near term action would likely be determined by the IPO action, which has just happened. So for sometime I would expect volatility after which I would expect the stock, perhaps consolidating and going up from here.
