Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There is a long trade on five IT stocks. HCL Technologies and Tech Mahindra are both buying opportunities. HCL Tech has done its bit, so I would be fairly upbeat on Tech Mahindra."
HCL Technologies touched its 52-week high Rs 809 and 52-week low Rs 484.90 on 17 April, 2013 and 24 July, 2012, respectively. Currently, it is trading 0.78 percent below its 52-week high and 68.15 percent above its 52-week low. Market capitalisation stands at Rs 56,757.98 crore.
Tech Mahindra touched its 52-week high Rs 1,123.80 and 52-week low Rs 711.85 on 04 March, 2013 and 17 July, 2012, respectively. Currently, it is trading 7.1 percent below its 52-week high and 46.66 percent above its 52-week low. Market capitalisation stands at Rs 13,443.64 crore.
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