Buy Shoppers Stop at current levels, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Shoppers Stop is a stock that is worth buying for a long term investor. I think at current prices, it justifies no matter what the valuation, it justifies an investment, buying but there is no trade here also."
He further added, "Capital goods stocks are going to move with the Nifty. If the Nifty actually does decide to stage a larger rally, L&T and BHEL - these two names only. Not JP Associates. These two names are likely to perform with the market. If the Nifty decides to retreat, they will begin their own bear market once again. My point is that BHEL and L&T have not made their final lows. Now before making those lows it is possible they may see rallies. That would depend on how the broad market does."
