Buy Tech Mahindra on dips, says Shahina Mukadam

Shahina Mukadam of Independent Market Expert told CNBC-TV18, "Tech Mahindra is a good investment. One can buy it post numbers even if there is a slight bit of dip because it is likely that we could see some bit of a disappointment coming in."

She further added, "If you look at pure valuations, they are pretty attractive. It is just about 12 times EV/EBITDA, with 14 P/E. Also, as and when international market for IT stablises, which is happening now, especially Europe where Tech Mahindra is pretty strong, and auto numbers picking up, the whole sector picking up, I think Tech Mahindra should do decent. So one could definitely be buying it post numbers with a decent target of Rs 515 for the shorter term, six months to a year period."