Accumulate Tech Mahindra: Harendra Kumar

Harendra Kumar of Elara Capital told CNBC-TV18, "We had a big sell on Tech Mahindra a quarter ago and that trade seems to have worked for us very well. However, at this price points our analysts turned positive. I think from these levels there are not much significant downsides, so Tech Mahindra could be looked to accumulate but not at the top of the pecking order but start adding positions on the lower side."

At 10:35 hrs Tech Mahindra was quoting at Rs 471.45, down Rs 2.20, or 0.46 percent. It has touched an intraday high of Rs 475.10 and an intraday low of Rs 470.