Buy Apollo Tyres, target of Rs 64: Sukhani

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Buy Apollo Tyres, target of Rs 64: Sukhani

Buy Apollo Tyres with a target of Rs 64, says Sudarshan Sukhani, s2analytics.com.

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Buy Apollo Tyres with a target of Rs 64, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Apollo Tyres is a buy; it's in a trading range. It went up then came down equally dramatically but at this point its not suggesting lot of weakness so probably it will go with the market because market momentum currently is little upbeat. I would say we buy it, look at a target of Rs 64 or close by but there is no sense in trying to do anything else, you have to look for a dip or a breakout and buy this."

He further added, " Deccan Chronicle was use to be a favorite and this tells how many of my favorites have disappointed me. It doesn't stop falling. I don't understand how anyone can trade in such stocks, stock of yesteryear which was perfect six months ago and you cannot buy it and small rallies are irrelevant. I don't think there is anything in most of the media stocks and Deccan Chronicle is not a touch unless it goes much higher, builds a base, it's far away from that."