Hold Cairn India, says Sudarshan Sukhani

Published on Wed, Feb 15, 2012 at 09:08 |  Source : CNBC-TV18

Updated at Wed, Feb 15, 2012 at 10:35  

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Sudarshan Sukhani ,  s2analytics.com

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Hold Cairn India , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "In all fairness Cairn India does the right things. It's not one of those high-betas. It's not infra and it's not real estate, but it keeps on moving up from Rs 280-300-320. See how nicely it's making money for people who are in it and this is not the end."

He further added, "It had a two day correction that was a minor dip. Yesterday that correction seems to be over. If that is how it's working out then we will see new highs and much better levels. Cairn is again a stock that you want to really hold for some time. If somebody takes a position today there is no need to take Rs 2 or Rs 3 and get out. Wait patiently, you will eventually get much more money.

Disclosure: I have no personal holding in the above stocks.

  

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