Hot Chips
Ali On Content / 18 Jan 2010
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The positive surprise in the Q3FY10 result of Infosys has set the tone for the entire software space and might bolster it further. The BSE IT Index is up by 7 per cent in the last three trading sessions despite the Sensex being down by 1 per cent. Rolta India, a leading provider and developer of information technology-based geo-spatial information system (GIS) and engineering design services is a mid-cap IT company which still has to do some catching up with the sector. The company will come out with its Q2FY10 (year ending June) results on January 21 and is expected to provide some good news. The broking community has also shown a lot of interest in the counter as evident from the increase in volume by almost two times in the last couple of trading sessions. Therefore, investors with short-term gain can plan for an exposure in the counter and expect good returns from it.
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