Buy Aban Offshore on dips, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Aban Offshore has moved up from Rs 300 to Rs 525 today and today's big move has been quite substantial. So a short term trader and this is on the back of yesterdays move which itself was pretty large. So a short term traders should consider taking some profits off the table but these moves are telling us something else. We have been upbeat on Aban. It's come in our buy list many times. The moves are telling us there is significant upside left in Aban."
He further added, "It's not fair to give a target on this stock because we have already seen two days of weak gains. So short term traders should be alert to profit taking opportunities but for an investor there is no reason to get out. If he or she has bought then they should stick around. If they haven't then they should consider buying on dips."
