ROLTA

Rolta if doesnot go 345 would fall back to 223 and below.
Technically Rolta looks to be making a double TOP at 345/46 level with the trough placed @ 223. So with an SL placed around 345, it can be shorted. A min. target of 223 can not be ruled out, but only if it doesn't close above 345 !!

Fundamentally also, Rolta looks ahead of its Sequential and yearly numbers.
Sequentially, inspite of an 18% increased operating margins, the Net Profit has declined 30% ( from 78.75 Cr reduced to 54.78 Cr.)
Y-o-Y an 18% increase in operating margins has not resulted in much increase in Net Profit while the EPS has halved from 6.59 to 3.40.
The only saving grace for Rolta is the apprreciating Dollar, which has in a short-term peaked out around 43.9
Investors should be wary of investing in such stock which is still at a very high P/E of 20.4 , while biggies like Infosys who has increased its Net Profits Sequentially and Y-o-Y, while managing a reduced Operating margins. Infy is trading at P/E of 21.72