Hot Chip Buy Calls: Tech Mahindra
TECH MAHINDRA BSE code: 532755
Tech Mahindra is one of the leading IT companies, providing IT solutions to the telecom industry in India and abroad. After a listless phase, the scrip recently gained momentum. Despite the looming slowdown in the IT sector, it is expected to post a good result in Q1FY09. The broking community is said to be taking interest in the counter, which has business linkages in European countries. This gives it a hedge against the current spell of slowdown in the US market. The recent spurt in volumes, which the counter has witnessed, are likely to continue. Therefore, investors can take exposure in this counter with a short to medium-term.
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