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Buy Ashok Leyland, BEL, Century Textiles; sell Narayana Hrudayalaya: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Ashok Leyland, BEL and Century Textiles and can sell Narayana Hrudayalaya.

July 17, 2017 / 15:52 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A lot of midcaps are doing well. Ashok Leyland is a buying opportunity. The stock is already making new highs.  Bharat Electronics (BEL), a PSU that is really a favourite is now for market momentum traders. It is going higher and it is breaking from a trading range, a consolidation."

"Century Textiles had a mild dip. That dip may be getting over as it again starts moving up. So it is a buy on dips opportunity."

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"My thoughts would be to go and sell Narayana Hrudayalaya. It is underperforming. A lot of the IPOs have a dramatic rally and then they underperform for months and years. That could easily be the case in this stock also. There are so many good quality stocks available, banks, NBFCs, go there and sell it out."

"I would not suggest adding more in LEEL at all. My suggestion would have been to sell on a rally, even sell now. Midcaps that are not performing now are not likely to perform in the next near few months. This is the best time for midcaps, do not add more."

first published: Jul 17, 2017 02:11 pm

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