Sukhani upbeat on midcap IT

Sudarshan Sukhani, s2analytics.com is upbeat on midcap IT.
 
Sukhani told CNBC-TV18, “I like midcap IT now. Largecap IT has done its bit and midcap IT stocks were bottoming out while the process of rallies in IT, CNX-IT was going on. That process seems to be coming in place now. So it is not just Polaris. I think even Hexaware, which was in a bear market, is showing signs of life. I would be upbeat on midcap IT.”
 
At 15:24 hrs Polaris Financial Technology was quoting at Rs 128.25, up Rs 7.65, or 6.34%. It has touched an intraday high of Rs 132.30 and an intraday low of Rs 120.80.  It was trading with volumes of 684,233 shares, compared to its five day average of 90,943 shares, an increase of 652.38%. In the previous trading session, the share closed down 0.94% or Rs 1.15 at Rs 120.60.