More upside seen in Areva T&D , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Areva T&D is also fallen from Rs 225 to Rs 125 so we have to keep it in context the gains, these gains are not just for Areva, for all sorts of midcap and smallcap stocks and we must remember where they came from, where they fell from."
He further added, "In case of Areva there is certain amount of quality, it's been moving up, back to back for the last four days that tells us that there is some genuine buying here and it certainly is deeply oversold. So if the market remains choppy, consolidate some stocks will go up just as some will go down. So my sense is Areva has more upside left and its one of the better stocks, you can trade it in the F&O, in the equity, cash market also and I would say it's a buy for today and probably for the next couple of days."
Disclosure: I have no personal holding in any of the stocks discussed.
