Kunal Bothra of LKP told CNBC-TV18, "Tech Mahindra looks very good on weekly charts. From a positional perspective the stock has just broken a fresh seven to eight year high. I believe the momentum in this stock could pickup very aggressively with volumes already good for the last couple of months."
"I am looking at Rs 1260-1280 in the next one month, which is the position target. However, anyone who is looking to invest from a higher duration could look at anywhere close to Rs 1600-1800 on Tech Mahindra from a one to two year perspective," Kunal Bothra said. The share touched its 52-week high Rs 1,141.50 and 52-week low Rs 717.20 on 19 July, 2013 and 23 July, 2012, respectively. Currently, it is trading 2.66 percent below its 52-week high and 63.39 percent above its 52-week low. Market capitalisation stands at Rs 15,089.97 crore.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!
