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Buy Adani Ports, Colgate Palmolive, Indiabulls Housing Finance; hold L&T Infotech, TCS: Sudarshan Sukhani

Sudarshan Sukhani of is of the view that one can buy Adani Ports, Colgate Palmolive and Indiabulls Housing Finance and can hold L&T Infotech and TCS.

January 11, 2018 / 12:30 PM IST

Sudarshan Sukhani of told CNBC-TV18, "Adani Ports is a buying opportunity. This stock has again resumed its advance after a small consolidation."

"Colgate Palmolive is a buy. The stock is in a trading range. It tries to breakout of that range repeatedly. We are buying in an attempt to break again on the upside. If anyone of these breakouts is genuine and works out then there is a significant upside available. So, we buy with a stop loss and wait and see whether this one works."

"Indiabulls Housing Finance has gone through a correction. That correction is over, a small flag is now pointing to renewed advance. So be on the long side of the market even when it is in a trading range," he said.

"One should hold L&T Infotech. It is just breaking out of a long consolidation and probably moving entering a new bull market. This is time to actually buy and accumulate, so hold on, but be a long term investor. Don’t look at one or two month periods, be a long term investor in the stock and hold on."

"For the short-term, I have no opinion on Tata Consultancy Services (TCS), it will be exactly what the analyst and experts say. But on a longer term time horizon and which is what one should be looking at even at these prices, TCS is worth buying into. The IT sector itself is now outperforming, so as a long term investor hold on to the stock," he said.
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