IRB Infra can crack up to Rs 100, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "All infra stocks. What happened? We had a couple of days when these stocks went up 5-7% and there was a sense of rejoicing that okay, bull market has started, it has not. We have to see the context, from where they have fallen. They have to go up 5% on some days. But the decline is not over yet. At best, these stocks will become choppy. They will go up and repeatedly come down while they find a base. That process will take a lot of time"
He further added, "A new decline could be coming in. So IRB Infra is a sell. Its amazing, the targets we can look at. It's not Rs 120 which is what I think it will reach in a day or two. It could be sub Rs 100 finally."
