Grasim Industries can test Rs 3000: Sukhani

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Grasim Industries can test Rs 3000: Sukhani

Grasim Industries can test Rs 3000, says Sudarshan Sukhani, s2analytics.com.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Grasim See messages about Grasim

Grasim Industries can test Rs 3000, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "We are looking at Grasim which is a semi cement stock. Grasim seems to be heading towards Rs 3000 or even Rs 3000 plus. The stock has been in a steady uptrend. For the other cement stocks I am not so upbeat. I have usually found that once the high beta sectors like real estate, metals, banks start taking off as they are now, cement takes a back seat. So probably it's not a good trading bet."

He further added, "For the infrastructure it's wiser to wait for that inevitable correction. Now the markets are going up relentlessly, so we forget that they can also come down. I don't think we are going to back in a bear market but the corrections will come. So corrections are the best point at which we should enter infrastructure and that will give us excellent results."

"Real estate is different. Even after the run up real estate has potential on the upside. So the favorites are Indiabulls Real Estate and DLF ."