Avoid Hexaware Technologies, says Sukhani

Avoid Hexaware Technologies, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Punjab National Bank is a short sell just as Bank of Baroda was or Indian Overseas Bank (IOB) is. I have explained that half of PSU banks are short selling ideas. So those who do not sell do not buy them."
He further added, "Hexaware Technologies chart is horrible. It has fallen from Rs 145 to Rs 108 nonstop. After 30 days of decline yesterday it rallied. It’s not enough. That rally could be anything, it could be just an F&O settlement or whatever, it could be a sentiment, anything. It’s not necessarily a short sell because its fallen so much, it’s a complete avoid or a sell."