Buy Hexaware Technologies above Rs 117; target Rs 122: IIFL
IIFL is bullish on Hexaware Technologies and has recommended buy rating on the stock with a target price of Rs 122 in its July 26, 2012 research report.
July 26, 2012 / 14:25 IST
IIFL is bullish on Hexaware Technologies and has recommended buy rating on the stock with a target price of Rs 122 in its July 26, 2012 research report.
"Hexaware Technologies has broken above critical resistance zone of Rs 115-116 in Wednesday’s trading session with encouraging volume activity. Such an up move also corroborate breakout from rangebound movement which prevailed for almost two weeks. RSI movement is in line with price move provides an added signal of strength in the breakout and prices are expected to test levels of Rs 122-124 in the coming sessions. We advise buying the stock above Rs 117 with stop loss of Rs 114.50 for Target of Rs 122," says IIFL research report.Bodies Corporate holding more than 50% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.To read the full report click on the attachment 
Read More
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
