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Aug 17, 2012, 11.04 AM IST
Buy Manappuram Finance on every dip, says Sudarshan Sukhani of s2analytics.com. The bull market for Manappuram Finance is just starting. It’s gone through some very bad patch and that is over. It’s not in the F&O segment fortunately, so just have to pay cash to buy it which is always a good idea.
Buy Manappuram Finance on every dip, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, " IDFC and Manappuram Finance have been tracked for sometime now, in fact SKS Microfinance is a late entrant but we have been upbeat on these two. I think the bull market for Manappuram Finance is just starting. It’s gone through some very bad patch and that is over. The idea should be every dip here is a buying opportunity. It’s not in the F&O segment fortunately, so just have to pay cash to buy it which is always a good idea but I would say it’s likely to do much better than we imagine."
He further added, "We have some levels for IDFC. We have a pattern target of Rs 210 and that’s quite ambitious from the current levels and till that target is reached, I would be upbeat on it."
" Raymond is unlike the other two stocks, Dish TV or even Biocon because they are already at their highs and we are seeing they will go higher. Raymond is in a trading range. From Rs 400 it fell to Rs 300 that is where repeatedly support is coming. At Rs 300 it is now giving the impression that is beginning a new rally. I am assuming that Raymond - the broad thrust of the stock is on the upside and it becomes choppy in between, so a rally from here eventually to Rs 400 is quite likely. That is not the intraday target but I would assume that anybody willing to carry positions in Raymond should be well rewarded. We are literally buying at the lows at support."
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK