Expect 15% upside in Rolta, Polaris: Mohindar
Rahul Mohindar of Viratechindia said, “One sector which looks promising is technology. A lot of midcap technologies stocks like Rolta or Polaris, are ready for something like 15% on an upside move in the short-term.”
“One sector which looks promising is technology. A lot of the midcap technologies stocks like Rolta or Polaris, are ready for something like 15% on an upside move in the short-term. I would rate short-term anything between a week to three weeks. If one has that kind of timeframe and you are ready to go little aggressive into these stocks put on a strict stoploss and go long in this for e.g. if I were to buy Rolta now at Rs 115 or so and look at it for a price target of Rs 135, I keep a stoploss at Rs 108 on the stock. So similarly if you go pointing into the sector you will get a lot of opportunity. The other two sectors we are broadly bullish on are sugar as well as steel. So these would be three sectors of focus for us.”
Disclosure: Analyst doesn’t hold the above stocks but have recommended it to his clients.
Source : MoneyControl
Tags: hot stocks, Mohindar, nse bse stocks, polaris, rolta, share market views
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