HCL Info an excellent buy: Shrikant Chouhan, Kotak Securities

On IT as a space, what is really the call, do you like anything out here? As opposed to a Satyam or a Tech Mahindra, anything else that is looking more attractive and not looking as good?

Shrikant Chouhan: I can say that from here for next 3 to 4 months, I am seeing very good rally in all IT stocks because it is a trend that we have seen in last 10 years that always in the 3rd quarter of financial year, there has been very good run up in all the technology stocks and if we look at the stocks like Infosys which is trading about important level of 2800, TCS which is again trading above its important level of 900, I am seeing that very good rally we can expect out of TCS, out of HCL Technology and one which is moving today that is HCL Info.

HCL Info is currently quoting at 122 but if we go through the overall pattern of this particular chart, then I can say that there is good amount of volumes there, all averages are moving upward and we can expect a target of 165-170 on the higher side in next 4 to 6 months. So it is an excellent buy, accumulate at current level and on declines with a medium term target of 170.