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Aug 09, 2012, 11.15 AM IST
Sudarshan Sukhani of s2analytics.com is upbeat on Manappuram Finance.
Sudarshan Sukhani of s2analytics.com is upbeat on Manappuram Finance .
Sukhani told CNBC-TV18, "On the charts VIP Industries seems to be turning around and there is a buying opportunity here. But we always have a choice of picking or not picking a stock, so I would not be a buyer in VIP, somebody who wants to be should look at it because there is a turnaround and bear market seems to be getting over."
He further added, "Manappuram Finance has completed its bear market. It has built a base, it has come out and not only is it coming up after a base building process but it also consolidates and then moves up, which is the perfect example of a good bullish chart. So I am upbeat on Manappuram. I think that much higher levels will eventually come for the stock, obviously that will take time but it’s a buying opportunity."
" GMR Infrastructure is the weakest in the infrastructure space and that’s the only because even IVRCL which I thought would go up but did not. Hindustan Construction Company (HCC) has also done the same thing, it is very weak but GMR is the weakest of the lot."
Tags: Sudarshan Sukhani of s2analytics.com, Manappuram Finance, VIP Industries, GMR Infrastructure, IVRCL, Hindustan Construction Company
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