Buy HCL Technologies, advises Rahul Mohindar

Nov 08, 2013, 02.29 PM IST

Rahul Mohindar of viratechindia.com recommends buying HCL Technologies as the stock may test Rs 1200-1210.

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Buy HCL Technologies, advises Rahul Mohindar

Rahul Mohindar of viratechindia.com recommends buying HCL Technologies as the stock may test Rs 1200-1210.

Like this story, share it with millions of investors on M3

Buy HCL Technologies, advises Rahul Mohindar

Rahul Mohindar of viratechindia.com recommends buying HCL Technologies as the stock may test Rs 1200-1210.

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Rahul Mohindar of viratechindia.com told CNBC-TV18, "Despite the market behaving a bit towards the negative side, HCL Technologies is certainly outperforming today and I believe that over the next couple of days one will see some more outperformance from sectors like technology, pharma etc."

"HCL Tech looks very good, because after a good 2-3 weeks it got above Rs 1,120 and staying above that we are really looking at targets of Rs 1,165 if we want it from an intraday perspective, but given a few days one might even see Rs 1,200-1,210 coming. So HCL Tech would be a buy at these levels and I would keep a stoploss of Rs 1,090 and go long," he said.

Disclosure: He does not have any positions in the stock discussed.

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