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Buy Apollo Hospitals, Escorts, Kotak Mahindra Bank; avoid Dr Reddy's Labs: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Hospitals, Escorts and Kotak Mahindra Bank and can avoid Dr Reddy's Labs.

February 26, 2018 / 14:59 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The stocks are to go with today’s momentum and the momentum is clearly on the upside. So we start with Apollo Hospitals which has been an outperformer and is likely to outperform and continue that outperformance. So, I suggest going long in Apollo Hospitals."

"The second stock is Escorts, is a relatively a safe buying opportunity for the day. The stock has been completely out of picture while the market was going down and is rallying much better now as the market is going up. This is a classic strong uptrending stock."

"The third is Kotak Mahindra Bank. I am relatively upbeat on private sector banks and extremely downbeat on public sector banks. Kotak is part of the private sector group. For today, I would suggest buying Kotak."

"I would not suggest buying Dr Reddy's Labs, it is a very poor underperformer and that underperformance persists. So, this is not a buy on dips opportunity, this is not a bargain hunting. Stay away from it. Cipla for example has a much better chart, but Dr s is a complete avoid," he added.

CNBC-TV18
first published: Feb 26, 2018 02:59 pm

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