KEC International is a good investment bet, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "The big driver of that group is United Spirits and we know what it's doing and what it's going to do. This is not the end of the bear market for it. I have been talking about it and saying that it's going towards Rs 500 and it did that. I would not go and buy United Breweries at all. Some of these moves are either random or because of low volumes probably easy to manage. I would not touch that group."
He further added, "We saw a rally in Tata Metaliks and that's about it. I don't see that rally being significantly higher. This is not good news actually. A lot of midcap stocks are being picked and pulled. That's not the way a bull market starts. These stocks have to be forgotten. So I would be very wary about buying Tata Metaliks."
"KEC International has fallen a lot. But at least in KEC there seems to be a sense that the worse maybe slowly getting over. May not be over but it's probably at the last stages of its bear market. So KEC is a buying opportunity. I would think that even for an investor, at current prices, KEC represents decent gains for the next two years."
