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HomeNewsBusinessBuy Cipla, Hero MotoCorp, Raymond, bullish on Ashok Leyland; sell Torrent Pharma: Sudarshan Sukhani

Buy Cipla, Hero MotoCorp, Raymond, bullish on Ashok Leyland; sell Torrent Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, Hero MotoCorp and Raymond while he is bullish on Ashok Leyland and advises selling Torrent Pharma.

November 22, 2017 / 14:52 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Stock picks are mostly on the buy side. Cipla is part of the pharma pack, pharma companies keep on doing something good, something interesting, they rally and they pause. So even if this is an intermediate rally there is money in buying pharma stocks and Cipla is the choice for today."

"Hero MotoCorp has completed a nice decent correction. The rally has already started, we are only buying inside the rally or on pauses or on consolidations. That is a trade you can also carry forward."

"Raymond had a big gap-up, big trend, a pause and then the resumption of that trend. While the Nifty and the Nifty Bank are doing nothing, midcaps will continue to offer opportunities and stay on the long side."

"Medium term view on Ashok Leyland is bullish. India is just in the beginnings of the bull market. There is no confusion, it is a blue chip stock, it has been outperforming and that outperformance should continue. It will have pauses and dips and you should not worry, just hold on," he said.

"With some regret it is much better to sell Torrent Pharma. First of all pharma was underperforming. Inside that Torrent Pharma is underperforming even more. While some pharma stocks have built bases, it has broken out while Torrent hasn’t done anything."

"So, why stay with a stock which is not giving any signs of life. These are news prone stocks. Something good may come one day and something adverse may also come. It is not worth staying I would suggest sell," he added.

CNBC-TV18
first published: Nov 22, 2017 02:50 pm

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