Buy TCS, Hexaware Tech; sell IndusInd Bank: Yogesh Mehta

Name: Buy TCS, Hexaware Tech; sell IndusInd Bank: Yogesh Mehta
Uploaded: 2018-02-21T12:26:14+05:30
Description: Yogesh Mehta of Motilal Oswal is of the view that one can buy TCS and Hexaware Tech and can sell IndusInd Bank.

Yogesh Mehta of Motilal Oswal is of the view that one can buy TCS and Hexaware Tech and can sell IndusInd Bank.

CNBC-TV18

February 21, 2018 / 12:30 IST

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "We are recommending a buy on the IT sector, it seems to be very strong and we are recommending two stocks in the IT space. TCS it is currently quoting at Rs 3,001 in current future segment and keeping a stop loss of Rs 2,975 can be bought with a target of Rs 3,040-3,050."

"Hexaware Tech is quite strong, Rs 333-335 is the band where it has taken support since last few sessions. Keeping a stop loss of Rs 336, one can project a target of Rs 354-355."

"On the short side, IndusInd Bank shows weakness below Rs 1,620. Current prices is Rs 1,611, one can initiate short here with a stop loss of Rs 1,625 and target would be in the range of Rs 1,590," he said.

CNBC-TV18

first published: Feb 21, 2018 12:26 pm

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