Technical expert Sudarshan Sukhani has given a sell call for Financial Technologies. The intraday target for the stock is Rs 1220.

Mr. Sukhani has given a stop loss of Rs 1320 during at interview on financial news channel CNBC TV18. Financial Technologies is currently trading at Rs 1250, down by nearly 2 per cent. The stock has hit an intraday low of Rs 1232 on NSE.

The stock is trading at P/E multiple of 26 and has touched 52 week of Rs 1895 on NSE.

Compared to industry P/E of 21.18, the stock looks expensive at current levels.

The company will announce the quarterly results in board meeting on 29, October, 2009.