Hot Chips

BSE Code: 517477
Volume: 71422
CMP: 57.50

The company seems to be having a piggyback ride on the growth in the information technology sector in India. This is what has helped it to post a consistent financial performance. Elnet is engaged in providing infrastructure to software and business process outsourcing industries. Thus, the growth and progress of the company is directly related to the prospects of the software and the BPO sector. As per a broker, there are a few developments that might take place in the company in the coming period and these are likely to attract investors’ fancy. A fund manager is quite bullish on the counter and expects it to post a decent run-up in terms of market price and volumes in the coming period. The counter has recently witnessed an improvement in its share price. Looking at the volatility in the market, investors can buy this scrip in a staggering manner to make a decent buck.