Jan 01, 2013, 07.35 PM IST | Source: CNBC-TV18

Buy Exide Industries, says Sukhani

Sudarshan Sukhani, advises traders to buy Exide Industries.

Sudarshan Sukhani, advises traders to buy Exide Industries .

Sukhani told CNBC-TV18, “I am upbeat on Exide Industries. It’s been in a trading range, but that range has come about after a very significant rally just as the Nifty went into a range after a big rally. So the next step in Exide should be on the upside. So I would be a buyer in it.”

He further added, “I assumed that IT is bottomed out and the four majors should move up and the CNX-IT was also giving all the right bullish signs. That has not happened. So I am actually confused. I would be upbeat on IT, but the market has not given enough momentum. If the market gives any signs of strength in these IT stocks we should be buying them. In any case they should not be sold at all.”

Set email alert for


video of the day

Budget 2015-16: Revive capex through savings on cheap crude says Kotak Sec

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.