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Jun 06, 2012, 10.52 AM IST
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hero Motocorp.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hero Motocorp .
Sukhani told CNBC-TV18, "Hero Motocorp has fallen almost 400-500 points and is now finding support at the Rs 1,800 zone. It’s probably a correction rather than a bear market for Hero Motocorp and if that is so then any rally should see it contributing more than the other auto stocks. The others are probably best avoided but Hero Motocorp is a buying opportunity. Yesterday it showed some signs of life and that could easily continue if the Nifty were to move up today."
He further added, " Cummins India is a stock that has been little indifferent. It had some good prospects and then big declines were also seen and after that it is a buying opportunity. It’s not just for today. My sense is that it’s turning around and it’s probably going to outperform in the near future, so for position traders also it’s a good idea."
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