Feb 13, 2013, 09.13 AM IST | Source: CNBC-TV18

Buy Lupin, says Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Lupin.

Sudarshan Sukhani of is of the view that one can buy Lupin.

Sukhani told CNBC-TV18, " Lupin has been fairly choppy but in that choppiness there is an underlying uptrend. We had a very sharp correction and that correction seems to be over now. Yesterday price action was very decent, that tells us that Lupin is likely to go and test its earlier highs. So Lupin is a buying opportunity."

He further added, "Again these are one-two day trades, there is no need to get married to the stocks but it is worthwhile. If we have a sudden sharp rally in the Nifty a lot of these things will work out."

The share touched its 52-week high Rs 631.90 and 52-week low Rs 483.50 on 10 September, 2012 and 22 February, 2012, respectively. Currently, it is trading 4.24% below its 52-week high and 25.15% above its 52-week low. Market capitalisation stands at Rs 27,076.13 crore.

Set email alert for


video of the day

Tepid Q4 shows market frail on valuations: Kotaks Prasad

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.