Buy Sterlite Industries on dip: Sukhani

Published on Fri, Feb 03, 2012 at 10:54 |  Source : CNBC-TV18

Updated at Fri, Feb 03, 2012 at 11:10  

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Sudarshan Sukhani, s2analytics.com

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Buy Sterlite Industries on dip, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, " Sintex Industries is a little bit more confusing. I am not very sure because it's been underperforming. So it is far better to look at stocks that have given big range breakouts even though from the lows and stay with that. So Sintex would be an avoid. I am not sure if anything is a sell, but it's clearly an avoid for some time."

He further added, " S Kumars has been a disappointment. Since we have choices inside the sector and that applies to individual traders everywhere because you don't have to stick with a stock. So S Kumar is not a stock that I would like to go and buy at all. I hesitate to give a short sell because as I have explained this is not a market where you want to short anything."

"Sterlite has a better chart. In spite of the declines, the repeated battering it gets and then it attempts to move up tells us that it's building some kind of a base and if that is so then in the next few days or weeks Sterlite could actually outperform Hindalco. So Sterlite even is now a buy on dips. Every time we find a dip consider buying it."

  

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