Buy Manappuram Finance on dips, says Sukhani

Sukhani told CNBC-TV18, "I am not tracking Muthoot Finance recently but Manappuram General Finance I track everyday and my sense is that the charts are excellent. If the bear market in Manappuram is over, it is now beginning a new bull trend and bull markets can go much higher than we imagine. This is a stock we should be looking to buy on every consolidation or dip. But after two days of gains this is not a dip. So if the investor waits patiently he will get a good price and a good location to buy it."

He further added, "Banks are doing good things. It is underperforming the Nifty but I don’t see this underperformance continue for a long time, they are going to play catch up. So go for the strongest PSU banks SBI and Bank of Baroda and go for the two private sector banks ICICI Bank and HDFC Bank . Focus on these four banks, you won't go wrong."