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NEW DELHI: Seasoned investors Ashish Kacholia, Ashish Dhawan and Mukul Agrawal have Birlasoft among their top portfolio bets.
The stock rallied six times, or 500 per cent, in last 11 months, but some selling pressure has set in over the past few days following the December quarter earnings.
The IT firm reported a 70 per cent YoY drop in deal wins in what proved to be an otherwise strong quarter for the IT industry, making investors wonder if the optimism on the counter is worth it. Post Q3 results, the stock has lost 7 per cent in three days. But most brokerages say ‘all is well’ with the stock.