Buy TCS, Hexaware Tech, Tata Elxsi; avoid Infosys: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Hexaware Technologies is posting a new 52-week high. I suppose and then if it were to stay above Rs 260, you can see it scaling up to something like Rs 274 to about Rs 278. This is one stock that looks pretty good to me. Apart from that, Tata Elxsi looks good. I feel that it is headed for Rs 1,722 to about Rs 1,800 kind of range."

"Tata Consultancy Services (TCS) amongst the biggies look good to me. So these are three IT names; I am not bullish on Infosys. That is one stock that I would like to avoid here," he said.

"Two stocks that I plan to recommend are Cholamandalam Investments, I would put a stop loss below today’s low of Rs 1,058 that is Rs 1,057.90. It is a very short stop loss and on the upside, I feel that it has the ability to scale up to near Rs 1,100 levels. So Rs 1,096 is the second target and Rs 1,088 is my first target."

"For Adani Enterprises, Rs 126 is a major resistance, that is why my final target was Rs 125.75 but looking at the kind of performance that it is showing, I feel that Rs 126 would be crossed in today’s session. So, a new target of Rs 128 can be given but I would put the stop loss at Rs 119.80."