TECH MAHINDRA buy

TECH MAHINDRA BSE code: 532755

Tech Mahindra is one of the leading IT companies, providing IT solutions to
the telecom industry in India and abroad. After a listless phase, the scrip recently gained momentum. Despite the looming slowdown in the IT sector, it
is expected to post a good result in Q1FY09. The broking community is said
to be taking interest in the counter, which has business linkages in
European countries. This gives it a hedge against the current spell of
slowdown in the US market. The recent spurt in volumes, which the counter
has witnessed, are likely to continue. Therefore, investors can take
exposure in this counter with a short to medium-term.