Sudarshan Sukhani of s2analytics.com recommends buying GAIL India at current levels as the stock may head higher.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India is a good stock to be in. We have been talking about it since the long time when it came out of a small mini bear market. There is a rally, which is likely to be sustained. It can go higher. Still at current levels it is a buying opportunity."
At 13:11 hrs GAIL India was quoting at Rs 366.70, up Rs 9.30, or 2.60 percent. It has touched a 52-week high of Rs 369.70.
The share touched its 52-week high Rs 369.70 and 52-week low Rs 273 on 03 February, 2014 and 28 August, 2013, respectively. Currently, it is trading 0.81 percent below its 52-week high and 34.32 percent above its 52-week low. Market capitalisation stands at Rs 46,515.07 crore.