Buy Manappuram Finance on every dip: Sukhani

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."