Top stock tips today: Tech Mahindra | In talk with Anil Singhvi, analyst Vikas Sethi reveals stop-loss, target price

Sethi suggested Rs 605 as the stop-loss for Tech Mahindra.

Top stock tips today: Zee Business Managing Editor and Market Guru Anil Singhvi on Monday spoke to Vikas Sethi, Managing Director of Sethi Finmart Private Limited, to know the latter's Special Short Term Pick. Speaking on the matter, Vikas Sethi, said, "I have picked Tech Mahindra. And, its financial results will be announced on coming Monday."

Explaining the rationale behind picking Tech Mahindra as Special Short Term Pick, Vikas Sethi said, "Keeping in mind the results we have witnessed for TCS, Infosys, HCL and Wipro, I expect the results of Tech Mahindra to be good as well. So, considering these factors, investors can buy Tech Mahindra at current levels of nearly Rs 615-616 and within one week it is expected to touch the price of Rs 640."

Moreover, Sethi suggested Rs 605 as the stop-loss for Tech Mahindra.

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Summarising the expert suggestion given by Vikas Sethi, Anil Singhvi said, "Buy Tech Mahindra at nearly Rs 616 with stop-loss of Rs 605, keeping the target of Rs 640."

WATCH: Full Special Short Term Pick Discussion Between Anil Singhvi and Vikas Sethi:-

विकास सेठी की स्पेशल शॉर्ट टर्म PICK @AnilSinghvi_ @vikassethi_SF pic.twitter.com/tWI7aqNXpi

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Recently, Tech Mahindra was in the news when it airlifted staff stranded in the US. A special chartered flight of Tech Mahindra from the US landed in Hyderabad with 210 employees and dependents. The flight from Dallas landed at the Rajiv Gandhi International Airport here at 3.45 a.m., a company spokesperson had said. The employees and their dependents were stranded in the US following the Covid-19-induced lockdown.

There were 108 employees and their 102 family members. The special chartered flight had taken off from Fort Worth International Airport in Dallas. The spokesperson said 53 of the employees were from Telangana, and the rest who belonged to other states will go to their respective cities.

"Ensuring the well-being and safety of our entire employee, customer and partner ecosystem is critical in the collective fight against this global pandemic. Bringing our US-based associates and their dependents back home conveys our commitment towards our core values of ensuring employees' safety first, and reiterates Tech Mahindra's ability to be adaptable and agile in keeping mission-critical systems on for global clients from anywhere in the world, even during times of crisis," CP Gurnani, MD & CEO, Tech Mahindra, had said.

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