Expect 6-8% upside in Hexaware, Polaris: SP Tulsian

Hexaware Technologies and Polaris Financial Technology can add 6-8%, says SP Tulsian, sptulsian.com. Hexaware is likely to come out with good numbers in the first week of February and Polaris is also expected to post better numbers.

Hexaware Technologies  and Polaris Financial Technology  can add 6-8%, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I will remain away from the larger ones because we have already seenWipro  moving up last week by about 6-7 percent. TCS  also has come closer to a price to earnings (P/E) multiple of Rs 17-18 but I see quite a good ideas available in the midcap IT space. There are four-five stocks but I have zeroed in Hexaware and Polaris. If you see the performance of both the companies, they have been quite robust and I think considering the results now of Infosys and the expectations built on all the IT stocks, one should look for these midcap IT stocks for a relative performance."

He further added, "The gains are still seen much more on a relative performance basis. So Hexaware is likely to come out with good numbers in the first week of February and Polaris is also expected to post better numbers. So maybe an upside of about 6-8 percent can be expected on both the stocks next week."