Buy Hexaware Tech around Rs 95, says SP Tulsian

Buy Hexaware Tech around Rs 95, says SP Tulsian, sptulsian.com.
 
Tulsian told CNBC-TV18, “If I talk specifically with respect to Hexaware probably I don’t see any reason for the stock to fall below Rs 95 and I think now the stock is ruling close to about Rs 97 just because of the downward revision of the guidance the stock has corrected so much. All these stocks see the huge shorts getting built up into the counter.”
 
He further added, “The moment any kind of renewed buying comes in at the lower level, so that forces the bears to go for the short covering. So, I won’t be purely relying on the technical. But yes, one has to incorporate the fundamentals also to take a techno-funda call on these stocks and that’s the reason I have been saying that the bottoming out of the entire IT space is likely to happen by maybe Monday in the second half. And I will be a buyer even on Hexaware at the level of Rs 95 or so."