Krishna Kumar Karwa positive on Tech Mahindra

Krishna Kumar Karwa, MD at Emkay Global Financial Services told CNBC-TV18, "We are positive on Tech Mahindra. I think it is quoting at around 13 times earnings and we believe that this company has the scope to get re-rated in the next few years."

"As far as this merger of Mahindra Engineering is concerned, I believe this is too small a business and it should not have any major impact either ways for Mahindra and Mahindra (M&M) or for Tech Mahindra," he added.

At 11:28 hrs Tech Mahindra was quoting at Rs 1,698.05, up Rs 7.15, or 0.42 percent.