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Buy HCL Technologies, Cipla: Amit Trivedi

Amit Trivedi, Co-Founder of Investworks.in recommends to go long on HCL Technologies at around Rs 800.

July 05, 2013 / 17:33 IST
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Amit Trivedi, Co-Founder of Investworks.in told CNBC-TV18, "We think one can go long on HCL Technologies at around Rs 800 odd level for some kind of a bump up on Monday, as dollar appreciates."


"Similarly, we are liking pharma stocks. So, one can buy Cipla or Lupin. One can buy Cipla at around Rs 400 for a target of around Rs 410-415 levels in days to come," Trivedi said.
HCL Technologies touched its 52-week high Rs 809.00 and 52-week low Rs 484.90 on 17 April, 2013 and 24 July, 2012, respectively. Currently, it is trading 1.81 percent below its 52-week high and 63.82 percent above its 52-week low. Market capitalisation stands at Rs 55,296.14 crore.
Cipla touched its 52-week high Rs 435.00 and 52-week low Rs 325.00 on 09 January, 2013 and 05 July, 2012, respectively. Currently, it is trading 8.25 percent below its 52-week high and 22.8 percent above its 52-week low. Market capitalisation stands at Rs 32,044.59 crore.
first published: Jul 5, 2013 05:33 pm

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