Go long in Mphasis, says Bhamre

13085 Investors following MphasiS. Share this News with them.

0

Like this story, share it with millions of investors on M3

Go long in Mphasis, says Bhamre

Go long in Mphasis, says Siddharth Bhamre of Angel Broking.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Siddharth Bhamre See what other Experts & Brokerages are saying about MphasiS See messages about MphasiS

Go long in Mphasis , says Siddharth Bhamre of Angel Broking.

Bhamre told CNBC-TV18, "in Mphasis we are seeing some pullback may happen because it was mainly because of guidance stocks corrected on the Infosys day; TCS , Infosys and other stocks even the midcaps. I think bounce back may happen. TCS can bounce Rs 60-70 odd to Rs 1,180-1,200 levels where it would find resistance, we don't expect to breach that."

He further added, "One midcap which we like and which we have strong house call buy Mphasis. What we have seen in F&O segment that a rally from lower levels that is around Rs 310 to current levels was mainly because of short covering and now near the resistance Rs 350. Since last four-five months stock has unable to cross that level and now we are seeing near that resistance there is good amount of long formation which is happening. So go long in this counter, we have aggressive target of Rs 398, can fix a stop loss of Rs 328 and go long in that counter."