Buy Hexaware with a target of 120: CK Narayan, Growth Avenues Asset Advisors

In a chat with ET NOW, CK Narayan, Growth Avenues Asset Advisors, talks about Hexaware.

What are your stock recommendations, you have got buy call on Hexaware?

Yes and coincidentally there seems to be Hexaware all over the channel today. I like the lay up on the charts. Stock is going up further. It is trading currently around 111-112 levels, keep a stop loss of about Rs 3 or so from your purchase price and look to go long with an expectation of an immediate target of about 120 by the end of the day or maybe by tomorrow.