Feb 20, 2013, 03.44 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com is of the view that Coal India can see Rs 380-400 in one year.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “In the next one year Coal India should see Rs 380-400. That will be a handsome profit from current levels. I think investor should hold on and when that price level comes he should also take profits and get out. That is also important but if he has a time horizon of one year it is wise to hold on to it, it is a blue-chip. The downside here again is limited. In this choppy market we are expecting in 2013 stocks like Coal India where the downside is unlikely are very vital for your portfolios. So just stay on.”
The downside is limited but not zero. So my point is that the Nifty itself seems to be willing to go down further in the next few months. You will probably get it at a lower price. So for somebody who wants to buy you can probably get a lower price but somebody who has it, exiting, buying again is a very clumsy way. So just stay with it."
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