Moneycontrol PRO
HomeNewsBusinessBuy Bata, HCL Tech, NTPC, Lupin; hold Yes Bank, avoid Tata Motors: Sudarshan Sukhani

Buy Bata, HCL Tech, NTPC, Lupin; hold Yes Bank, avoid Tata Motors: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, HCL Tech, NTPC and Lupin and can hold Yes Bank while one may avoid Tata Motors.

March 12, 2018 / 14:22 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "A lot of midcap IT stocks come in the list, so it is just a matter of choice."

"It is all on the buy side, Bata India where FMCG again is the sector that should do rather well. Bata India is now coming out of a mild correction and that is a buying opportunity."

"HCL Technologies is the choice for today. It is again an opportunity not only for the day, probably IT is going to do well in the next few days or maybe a couple of weeks as well."

"NTPC is a buy. This stock has come in our list after a long time. It is showing some signs of life, a bullish pattern is coming in. So let us buy and see what happens. It is worth taking the trade," he said.

"Hold on to Yes Bank. Volatility is part of a bull market, markets are volatile now banks are subdued but that doesn’t mean anything has changed in the long term. Yes Bank is an outperformer, was an outperformer and in the future will outperform the Index, the banks and everything, stay and hold on to it."

"I would not touch Tata Motors at all because the stock is falling day after day relentlessly, there is nothing going on for it. In a bull market it has fallen 30-40 percent. Avoid it if at all you want to invest stay in the four-wheelers - Maruti Suzuki, even at these elevated levels is a far better option," he added.

"Lupin is a good idea, I would suggest a buy. Pharma is bottoming out, that bottoming out process is taking a lot of time, but it is still happening. So, Lupin will be higher after one year and certainly higher after two years. So, buy Lupin and avoid Tata Motors," he said.

CNBC-TV18
first published: Mar 12, 2018 02:21 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347