Buy Aurobindo Pharma: Sukhani

Published on Wed, Jan 25, 2012 at 09:07 |  Source : CNBC-TV18

Updated at Wed, Jan 25, 2012 at 10:35  

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Sudarshan Sukhani, s2analytics.com

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Buy Aurobindo Pharma , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "Aurobindo Pharma fell on the back of news from Rs 200 to almost Rs 100, in fact Rs 72. Now whatever that problem was seems to be behind it. Share prices are saying okay. At the current lower levels, there is some buying interest."

He further added, "It's a falling knife's trade, because it doesn't have the patterns that the earlier ones had. But if this works out, it's just reviving after a brief correction. If this is the beginning of an up move then we are buying almost at the lows, which is why I put it in this list. A lot of stocks will now offer buying opportunities, probably Aurobindo Pharma is one of them."

" Century Textiles made a double-bottom and then has rallied. Again yesterday's big move has taken it to a new 20-day high. Stocks with 20-day highs supported by strong market momentum are buying opportunities."


 

  

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