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Buy Indiabulls Housing Finance, Exide Industries, Tech Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Indiabulls Housing Finance, Exide Industries and Tech Mahindra.

August 01, 2017 / 02:24 PM IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The market is at lifetime new highs, so, we should be looking to buy and that is the way this market has been behaving - rewarding momentum traders on the buy side."

"I have Indiabulls Housing Finance which is a buying opportunity. This stock has been on a roll for month's altogether and that continues. Exide Industries is another buy. That stock has not participated in this massive rally as much as it could have. It does appear that it is finally coming out of a long trading range. That is a momentum buy as well as an investing idea."

"HPCL is a short term buying opportunity. It is just pushing out, breaking out, maybe there is more momentum here," he added.

"I would think that so far as Nifty is going up, Maruti Suzuki should continue to outperform. So, I would be a buyer in Maruti on every minor dip, on minor breakout."

"Tech Mahindra is an investment buying opportunity. Today’s gap up tells us that the base building that has been going in this stock for weeks altogether is probably coming to fruition just now. So, I don’t know about a day trade, but if you are looking to invest, it is a perfect buy," he said.

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"The large bank is ICICI Bank and the smaller bank is Karur Vysya Bank and there is a disclosure that I have also followed the same principal of investing in a large bank and a small bank and these are my investments too. So, with that disclosure, I think this is a good pair to be in."

He further added, "Zee Media is in a compression, in a narrow range, and willing to breakout. Once it breaks out, there should be a significant upside in it. I can’t tell you when that will happen. Again I have this disclosure that I have also got investments in Zee Media on the assumption that in the next one to two years there will be a breakout on the upside."
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