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May 29, 2012, 11.27 AM IST
Sudarshan Sukhani of s2analytics.com shares his view on Coal India and Aditya Birla Nuvo.
Sudarshan Sukhani of s2analytics.com shares his view on Coal India and Aditya Birla Nuvo .
Sukhani told CNBC-TV18, "Coal India stopped at Rs 300. It did that much earlier also. So Rs 300 is now becoming some kind of a base or a band. It’s a buy because I would expect that the results are not going to push it below Rs 300. If that is the case then the only other way for the stock would be to inch dramatically upward or inch upward. On the downside Rs 300 seems to be the worst case scenario, so there is a buying opportunity. If this works out then Coal India’s target could easily be Rs 360 again."
He further added, "Aditya Birla Nuvo was one of the favourite and it never did what it should have done. It went to Rs 1,050 but that was nothing. The market is also in a relatively bad shape and if the Nifty is bottoming out then AB Nuvo is joining that bottoming out process and I would be upbeat. Today it seems that yesterday’s small gains are likely to be built upon and some of the semi financials are going to do much better."
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