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Buy India Cements, Century Textiles; sell Aurobindo Pharma: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy India Cements, Century Textiles and Industries and Rural Electrification Corporation and sell Aurobindo Pharma.

May 16, 2017 / 11:20 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "India Cements is breaking out of a trading range, had a good day yesterday and suggests more momentum."

"The chart of Century Textiles and Industries is in a vertical rally - that rally is not ending. It is now in a small trading range and I expect the range to break on the upside. So not to worry about price levels etc, just buy the stock."

"Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) are in the same mode; rallying, having minor corrections, then a resumption of the rally. Luckily it is not part of the other NBFCs; they are doing their own thing - that's a buy," he added.

"Siemens is part of the capital goods sector. It has been little underperforming but perhaps it could play catch-up, at least the breakout there from a small consolidation suggest that."

"I have one short sell on Aurobindo Pharma. I am not upbeat on pharma companies. One by one they keep on coming in my short sell list, so while that continues I would only be looking to sell them."

first published: May 16, 2017 11:18 am

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