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HomeNewsBusinessBuy Cadila Health, JSW Steel, Kajaria Ceramics, HUL; sell BHEL: Sudarshan Sukhani

Buy Cadila Health, JSW Steel, Kajaria Ceramics, HUL; sell BHEL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Cadila Healthcare, JSW Steel, Kajaria Ceramics and Hindustan Unilever and advises selling Bharat Heavy Electricals.

July 17, 2017 / 10:45 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cadila Healthcare is a buying opportunity. There is a trading range and that trading range broke in Friday suggesting that there is more upside. JSW Steel has been on a roll. It has been a strong stock. There was a mild four day correction in JSW Steel and that correction seems to be getting over. So this is a buy on dips or a renewed buying opportunity."

"Manappuram Finance has just broken out of a large trading range. It's an impressive breakout. Unless something untoward happens, there is more upside here," he said.

"Kajaria Ceramics is for buying. It was added to the Futures and Options (F&O) segment a few weeks ago and since then there is strong upside momentum. I am very upbeat on fast moving consumer goods (FMCG) stocks and even at Rs 1,200 Hindustan Unilever has far more legs than we imagine. So a lot of these stocks will go higher."
"For a day-to-day trader it may not work out but I have four buy ideas in the midcaps for different reasons I have explained and a short sell which is Bharat Heavy Electricals (BHEL). It has a disappointing chart. You could take it as a hedge."

first published: Jul 17, 2017 10:17 am

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