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Buy Tech Mahindra, Hexaware Tech, Venkys: Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.

February 07, 2013 / 12:33 IST
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In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.


Buy Tech Mahindra with a day target of Rs 1,016 and stop loss of Rs 970. The buy call has been given on the stock because the company has posted good Q3 numbers and that is likely to cheer the market due to which we may see the renewed buying coming back in the stock and hence a buy call.


Buy Hexaware Technologies with a day target of Rs 80.50 and stop loss of Rs 76.50. The stock has witnessed good amount of short covering and fresh buying on the hopes that company will be declaring good Q4 numbers on Monday and in anticipation of that the same trend is likely to continue and hence a buy call.


Buy Mahindra Satyam with a day target of Rs 121 and stop loss of Rs 115. Because of the good numbers having posted by Tech Mahindra this company is also likely to gain because the merger has already been announced of Mahindra Satyam with Tech Mahindra on a swap ratio of 2 shares of Tech Mahindra for every 17 shares held in Mahindra Satyam and this stock therefore is likely to see an upmove and hence a buy call.


Buy Venkys with a day target of Rs 510 and stop loss of Rs 475. The product prices of the company have risen sharply in this last one week and because of that the share has been witnessing the value buying for last couple of days and this trend is likely to continue, because whenever the company see this kind of price rise the results are seen quite good by the market. For FY12 also the EPS of Rs 44 has been quite assuring and hence a buy call.

first published: Feb 7, 2013 12:33 pm

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