SP Tulsian, sptulsian.com advice traders to buy Polaris or Hexaware for longer time horizon maybe with a one week or so and if any one wants to look for a smaller profit of maybe to about 3-4% can look to go for Geometric as well.
Tulsian told CNBC-TV18, “Mastek has really being unreliable stock. If you see the history of past couple of years whenever we have seen this kind of sudden moves happening for 2-3-4 days maximum one week but suddenly the stock again collapses very quickly so taking these into accounts. Day before also we have seen the stock was up in double digit and today also it is up by 16%-17%.”
He further added, “Having seen a run-up of about 30% or so definitely I don’t think there is any wisdom now even from a technical point of view to enter into the stock. But yes, alternatively one can definitely look to buy two stocks – one is Polaris and second is Hexaware. Those who want to have a little longer horizon maybe with a one week or so and wants to look for a smaller profit of maybe to about 3-4% can look to go for Geometric as well.”
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