Buy Tech Mahindra with 1-1.5 year time horizon: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services in an interview with ET Now talks about Tech Mahindra, Mastek.

Mastek, what would you do 10%-11% move on possibly on news about their acquisition insurance firms so on so forth and Oracle is a different story, a Tech Mahindra or a Mastek both of them high European exposure both of them doing well what would you do?

Tech Mahindra incidentally happens to be on our buy side and we continue to say that if you have a 1-1.5 year time horizon I think from the CMP you could at least see on a conservative side 20% to 25% uptick.

On Mastek well definitely the stock has gone up on that acquisition news, fundamentally speaking I think the numbers were nothing visibility going forward in terms of earnings and margins will be a little bit of question mark and of course if this acquisition happens going forward from here on how long will the company take for the synergies to evolve and of course how are they going to pay for it so that becomes a little bit of issue.