Sep 10, 2012, 03.26 PM IST

Buy Manappuram Finance on correction, says Sukhani

Buy Manappuram Finance on correction, says Sudarshan Sukhani of s2analytics.com. This stock is going to see much higher levels. So today, we have seen a 5% rise. Normally, after such rally, the stock will consolidate or even dip a little.

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Buy Manappuram Finance on correction, says Sudarshan Sukhani of s2analytics.com.


Sukhani told CNBC-TV18, "I do not track Muthoot Finance carefully but I track Manappuram Finance and I have been upbeat on it when it broke out above Rs 25. Since then my suggestion has been every time it corrects and dips, go and buy it. This stock is going to see much higher levels. So today, we have seen a 5% rise. Normally, after such rally, the stock will consolidate or even dip a little. In the next few days, when that consolidation comes about it is an excellent buy."


He further added, " JSPL has been weak for some time now, so the approach should be to avoid it."


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