Apr 20, 2012, 01.36 PM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is upbeat on Reliance Communications.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "I am upbeat on Reliance Communications, apart from that I would not touch any of the other stocks. Good stocks have pedigree and history for example Infosys has a lot of history of rewarding traders, investors, I am just giving an example but the ADAG’s history has been exact opposite. Reliance Capital fell from Rs 3000 to Rs 300, that’s not a ringing endorsement for a stock you want to buy, I would stay away from them completely.
He further added, "For 2012 the big moves will come in banks whenever it comes. So somebody who is looking to outperform the Nifty would do very well to stay with the banks, PSU banks, SBI , ICICI Bank , Axis Bank , not necessarily HDFC Bank which may not outperform."