This company has a huge potential business, currently trades at a P/E of 32 and has solid business fundamentals. It is growing at an unbelievable pace. Originally from India, it is opening up businesses in all parts of the world where it can find cheap manpower, which is good for the company in the long run. They recently upped their annual projections, and likely would grow at 70% yoy !! The recent downside has been because of the falling of Dollar value vs the Rupee (from ~Rs44/Dollar to ~Rs40/Dollar, and that has reached the support levels already. I can't find any reason why this company's stock should not rise ~10% in another quarter.
This Titan is not going to sink.