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HomeNewsBusinessBuy HUL, Dabur India, Arvind, ACC; sell Colgate Palmolive, Yes Bank: Sudarshan Sukhani

Buy HUL, Dabur India, Arvind, ACC; sell Colgate Palmolive, Yes Bank: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy HUL, Dabur India, Arvind and ACC and sell Colgate Palmolive and Yes Bank.

November 16, 2017 / 12:16 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Specific stocks will keep on offering opportunities, especially because we have intraday trades and intraday the markets could do anything. So, we have Arvind where a buying opportunity is coming and ACC which is also a buy. Remember, all of these trades are only intraday."

"There is also a short sell in Colgate Palmolive. Unfortunately, Colgate is an underperformer in the FMCG pack. So Arvind and ACC for buying and Colgate for selling, all for the day."

"My advice would be to sell Yes Bank. The stock is likely to underperform in the next few months or even a year. So, the chances are that one will do better if one shifts to Axis Bank, ICICI Bank, or even the other banks like RBL Bank, maybe South Indian Bank, a lot of other banks, but Yes Bank is now an underperformer and that could persist. So the suggestion is sell," he added.

"I would sell ITC. It is an underperformer. There is no sense in holding in this bull market. We want to go with stocks that outperform. Hindustan Unilever (HUL) is one of them, Dabur India is also an outperformer. So one should spread money among financial services, private banks, Reliance and FMCG," he added.

CNBC-TV18
first published: Nov 16, 2017 12:13 pm

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