Rolta- Value Buy from Fundamental And Technical Point.

Technical Analyst, Vijay Bhambwani is of the view that Rolta can touch Rs 370 in the coming 3-4 quarters.

Bhambwani told CNBC-TV18, "Rolta is poised for a breakout, should we see a closing on Friday, above Rs 285 we could have indicated a clear breakout. Should the volumes be higher than the previous weekly volumes, chances are Rolta is heading towards the Rs 370 mark in the coming 3-4 quarters. Having said that I think Rs 250 remains a very strong flow and all long positions must be protected with a stoploss at Rs 250 or maybe Rs 4-5 lower. So downside from Rs 285 breakout level would be Rs 35 and upside would be almost Rs 85, so the risk reward ratio clearly indicates that the stock is in favour of the bulls and I think keeping a limited exposure on this stock on the long side actually makes sense."