Mohindar not upbeat on JP Associates

Rahul Mohindar, viratechindia.com is of the view that is not bullish on Jaiprakash Associates while in the IT space, Wipro can outperform.

Mohindar told CNBC-TV18, “I am not particularly very bullish on JP Associates particularly medium-term to long-term, the trends are still muddled up. We can see short-term upsides continuing probably 4-5 percent from here but I am not willing to put my money on something like JP.”
 
He further added, “I think most of the stocks within the sector of IT look a bit tepid. I probably think that they are going to continue to be sideways to down. So you might see a bit of a downside on Hexaware Technologies so probably good 4-5 percent in the short-term. I think then only a case would be built on whether these stocks would rally up and take support. Within technology, I would keep my eyes on Wipro. That is the one which I think can outperform.”