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8 stocks that were buzzing last week, how to trade them now
Technical Analyst Sudarshan Sukhani and Sajiv Dhawan, discuss various stocks, which were buzzing in the week and advise how to trade them in the one ahead.
Technical Analyst Sudarshan Sukhani and Sajiv Dhawan, discuss various stocks, which were buzzing in the week and advise how to trade them in the one ahead.
Sukhani told CNBC-TV18, "This stock has been falling consistently. Much before even the follow-on public offer (FPO) price was announced, from a high of Rs 568 it's come down to Rs 360. Now this is not a bullish stock, there is question about pricing and other things but I don't think this is the stock you want to buy."
Dhavan told CNBC-TV18, "When the IPO came we thought Rs 300 one can apply to get listing gains, there has been some more upside in the stock in the last few weeks but the general consensus has been that the stock is expensive and it has been overvalued for quite some time and it has given investors over a period of time some decent returns. It's a great company and a great sector. Iron ore prices are likely to remain firm but the real genuine investors would be only be interested in probably between Rs 250-300 levels and any rally you have before the FPO shares are listed, the government is again going to be very disappointed-it has just sailed through so maybe not the best stock for short-term traders considering the overall market scenario."
