Nothing is around the corner...everything is upfront...they are going to report comparative less profit in this quarter as well...so you will find it in 120 or low again...
its definitely a good scrip...but you mark my words ...book profit and enter again...nifty is also on the verge of going down....!!
I don`t agree with you. This uptrend will take this stock to Rs155 level.
One more issue is management is trying to offload their stake to foreign partner, if this move is started, definitely you can see stock price is spurting similar to Patni computers case.
I gave my view for short term... in mid and long term its a good scrip...look since last Q3 results they started booking forex losses...so there was a comparative dip in the profits reported....so this is the last quarter wherein they will show less profits vis-a-vis corresponding quarter of last year...Oct-Dec Quarter result onwards..this scrip will start moving...160-185-225....and so on...!!
pick this stock at a price below 120 on monday....since results are going to be declared...you would not get another chance to buy the same later...(until market crashes considerably...)...
this stock would pick up very fast tuesday onwards....
With Rupee appreciating against dollar, the sentiment is against IT stocks. Hence, even if the co. declares very good results on Monday, stock price pick up may not happen in a hurry, unless some other factor like take over is there.
| NIFTY 
