Sudarshan Sukhani, Technical Trends is of the view that Heidelberg Cement is a buying opportunity.
Sukhani told CNBC-T V18, " I think it is a buying opportunity. Shahina Mukadam said, one should buy Dr Reddy's, Cipla and you said they were the high-fliers of last week but that is the whole idea. When you buy these stocks for two years, you make money. So I think she was very right. You need to go into high-fliers. It is at probably 52-week highs but that is the very reason why you want to buy this cement company. The charts are excellent, now it is possible to get it at a correction, that is a different story, maybe Rs 50 would be a much better price. But even at current levels, I would say, it shows relative strength and if you have the courage, you can go and invest in it. It is not a trend.
Disclosure: Analyst does not have holdings in the above mentioned stock.
