Sukhani told CNBC-TV18, "Fertilisers and Chemicals Travancore (FACT) and National Fertilisers (NFL) are trading at lifetime highs suggest that higher levels are going to come. I think it's far better to be very selective on public sector undertaking (PSU) because on some of them, the chances are that they are simply being bubbles and we have seen this time and on."
He further added, "There is a rumour that there is going to be disinvestment and the stock prices go up on very small volume with very small free float. So NFL and FACT would be the best of the lot. That's a stock where one could buy in dips or investors could also think of going in."
