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Wednesday, December 27, 2006

Remain invested in Sonata Software


Technical Analyst, Hitendra Vasudeo is of the view that one should remain invested in Sonata Software and book partial profit at Rs 74 level.

Vasudeo told CNBC-TV18, "If one has already invested in, he can remain invested at Rs 58, maybe near Rs 74, which is the recent high where one can look for booking partial profits around that Rs 74 or so. But the moment it starts maintaining above Rs 70 whenever in future it can generate a potential to move towards Rs 99 plus area. So on the whole one can remain invested in the stock."