Buy TVS Motor around Rs 52.50, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "There is a sense that at Rs 50 TVS Motors could suggest upside and that is the difference in the quality of the stock in terms of price movement. TVS is a better quality stock. So at current levels at Rs 52.50 it is possible to put a tight stop just below Rs 51 and go and buy it. If the market continues a steady up move we can see even Rs 56-57 in it."
He further added, "We must remember the contest and from where they have fallen. Jet Airways has fallen from somewhere around Rs 500 to Rs 200. So clearly we are going to see these relief rallies but they are not credible and by that I am explaining that if you buy Jet Airways today as we speak it is not necessary that you will see this momentum on Monday or Tuesday. So it's not even possible that we may be looking at a profit. While if you were to buy something like HUL , the chances are if market goes up, momentum will continue."
