Ambareesh Baliga of Karvy Stock Broking is of the view that one can buy Subex at the current level of Rs 125-126.
Baliga told CNBC-TV18, "We have been buying Sasken. We bought that stock closer to around Rs 110-115 levels because we had a target price of closer to around Rs 175-180. The levels were reached some time back when they had announced the buyback. But then on a day like this, when we have got a return of close to around Rs 40-50 on this stock, we have started booking profits."
He further added, "At the same time, we are continuing to buy a stock like Subex, which we were buying at Rs 110-115 levels. Even at the current levels of around Rs 125-126, we continue buying this stock."
Link to the article: http://www.moneycontrol.com/india/news/stocks-views/buy-subex-at-current-level-baliga/16/21/342929
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