Jan 01, 2013, 10.37 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Gitanjali Gems on dips.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " Gitanjali Gems is a stock that you want to buy on every dip. Do not think that this is the end. We know stocks can go much higher. It is a very good opportunity to go long."
He further added, "In IOC the momentum is favourable, but it is not one of the better choices. A short-term trader has many opportunities. We just discussed Gitanjali as one of them. Why should I go to IOC when I can go to Gitanjali or some other strong public sector stock? So it is a buy, but I would prefer to avoid it."