Hold Tata Communications, says Salil Sharma

Salil Sharma of kapursharma.com told CNBC-TV18, "Tata Communications has given a very good breakout today especially because it has moved above its 200-week moving average which is at around Rs 237 and having broken out above it seems even the medium to long-term fortunes of the company are changing. Specifically for the short-term it seems to be headed close to around Rs 280-290 in the next one-two months."

He further added, "One can keep a stoploss of Rs 225 and if it starts slipping below those levels then one can exit and book the profits. Otherwise I would suggest that one can hold on and keep moving the stop loss higher."