HomeNewsBusinessStocksBuy HCL Tech on declines: Prakash Diwan

Buy HCL Tech on declines: Prakash Diwan

Prakash Diwan of Altamount Capital Management advises buying HCL Technologies on declines.

October 08, 2015 / 16:58 IST
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Prakash Diwan of Altamount Capital Management told CNBC-TV18, "The area of work that HCL Technologies is in, it is good that the management is set expectations right and the level of transparency and communication has been pretty decent and I do not see any reason why you cannot buy into it now that all the poison is out of the system for HCL Tech."He further added, "This is not a trader’s stock anymore. You will have to build into it patiently, and buy it on dips. You get such volatile moves in today’s market that any stock that you want to watch, you cannot go ahead and buy it on, even in the first four or five tranches. We have been doing that with – the trading element is only on the buying side, but it is never on one go. And HCL Tech definitely qualifies for it."

first published: Oct 8, 2015 04:58 pm

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