IIFL is bullish on Tech Mahindra and has recommended buy rating on the stock with a target of Rs 910 in its December 10, 2012 research report.
“Tech Mahindra has created a strong base around Rs865 in last few trading sessions. The above level coincides with 100-DMA, suggesting strength in the counter. Infact, the same moving average has been holding up since May 2012. Any pullback to retest the support point (100-DMA) should be viewed as a buying opportunity with a better risk reward ratio. (Duration 7 days),” says IIFL research report. FIIs holding more than 30% 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
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