Aditya Birla Nuvo an outperformer, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Aditya Birla Nuvo is a falling knife trade. It's been a stock that has outperformed the market over the last one year and now has gone through what I assume is a deep correction rather than a bear market."
He further added, "A stock that corrects deeply but is otherwise healthy on the long-term charts should be bought when we sense that the correction is over. Now the caveat here is that if the Nifty doesn't actually move up I don't think Aditya Birla Nuvo is going to do anything special. So you need to buy it only if the market begins to go up. But otherwise it's an outperformer and I think you don't sell it in any case."
Disclosure: I have no investment in any of the stocks discussed.
