Hi Mohan
Sorry, I did not reply to message earlier as I could not login to SI for the past few days.
CBSI, MAST usually has a resistance around 30 and they might come back down again after this earnings euphoria. Once you notice that they are coming down, you can sell part of your holdings and buy back again.
Please look at MMWW. It is one of the undervalued stocks in IT sector.
Just my opinion, please do your research before you invest in MMWW.
UBICS is not such a great IT company. They have been in India for more than 10 years (same as Infosys), but they did not grow much. After 10 years of existence, they have only 200 employees.
biz.yahoo.com
In India, UBIX was good diversification for Mallya group, but if they were seriously interested in IT, I think they should have grown much faster. It was more of 'Me too' attitude on the Mallya group to start this IT venture in India after seeing Tatas, ITC, Indian Organics (their IT division is Sonata), RAMCO etc starting to diversify into IT/software development.
Last year, here they joined the desi IT company bandwagon in coming out with an IPO to make a quick buck for Mallya. Maybe Vijay Mallya
will make sure it pays off.
Have a nice weekend
Regards
Ravi |
