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Buy Larsen & Toubro, HDFC, Oriental Bank of Commerce: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro, HDFC and Oriental Bank of Commerce.

April 24, 2017 / 14:44 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "All three stocks that I am talking about are buying opportunities; two of them are large caps. The first is Larsen & Toubro (L&T) where a small correction has led to another renewal of the rally, that on going rally. So that is a buying opportunity."

"The second is a stock I think we are all talking about tomorrow and that is HDFC. HDFC is also poised for similar gains as HDFC Bank has done. So, we are buying in anticipation of that gain," he added.

"The third is Oriental Bank of Commerce. PSU banks are doing well. Whatever the fundamentals, the chart suggests that the rally continues. So, three buy ideas, two of them banks or financials."

"Real estate is now coming out of a multi-year congestion, so, these are investment opportunities. I don’t know if you can actually buy because any day this move can stall and become a consolidation but if you are looking to invest, DLF and Indiabulls Real Estate are opportunities."

first published: Apr 24, 2017 02:19 pm

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