Tech Mahindra should go back to Rs 1,130-1,150: Manghnani

Anil Manghnani, Modern Shares & Stock Brokers feels Tech Mahindra should go back to Rs 1,130-1,150 range.

Manghnani told CNBC-TV18, “Tech Mahindra is still very strong and it has come down over the last couple of sessions. So it is a buying opportunity for me.”
”I feel the stock should go back to Rs 1,130-1,150 range, so maybe with the stop loss of Rs 1,030. However, even from a longer-term point of view, this has the potential to do what HCL Technologies or TCS is doing. So I know Rs 1,150 is a major problem but if it takes that out, it could eventually become Rs 1,350 stock also. So for now, just a trade call but even could be a long-term call,” Manghnani added.