Jul 24, 2012, 02.52 PM IST

Sukhani's view on Wipro, ITC, Idea Cellular

Sudarshan Sukhani, s2analytics.com view on Wipro, ITC, Idea Cellular.

Markets Midday at 11:00 am
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Sudarshan Sukhani, s2analytics.com view on Wipro, ITC, Idea Cellular.


Sukhani told CNBC-TV18, “The investor should hold Wipro . The call on Wipro is essentially a call on the broad market or a call on the Nifty. After one year I would expect the Nifty to be higher so you wait. Even if you switch from Wipro to some other stock it won’t make any difference. Wipro is as good as it comes. Price of Rs 400 should come within two years."


He further added, " ITC will underperform that is on a relative basis when we compare it to HUL. ITC itself has the opportunities but between the two it is probably wiser and that has been proven. HUL is up 50% from Rs 300 to Rs 450. ITC has not gone up in the same ratio."


" Idea Cellular is bottoming out and the next step for the stock should be on the upside. Both the telecom stocks Idea Cellular and Bharti Airtel are now suggesting significant up moves. Stay invested in Idea Cellular. You cannot make it into a short term trade, wait patiently for six months one will make money."


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