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Last Updated : Jun 22, 2017 01:41 PM IST | Source: CNBC-TV18

Buy Voltas, Ceat, Adani Ports, hold Maruti Suzuki; avoid Infosys: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Voltas, Ceat and Adani Ports and can hold Maruti Suzuki while one may avoid Infosys.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We are looking at midcaps because the Nifty itself covers all the largecap. So, buy Voltas, after a nice small consolidation, Voltas is now coming out."

"Consider buying Ceat. The stock is part of that tyre group which is already doing well and thanks to the decline in crude that is a sentiment positive also. It is breaking from a small correction, so, Ceat is a buying opportunity, a two-day correction."

"Finally Adani Ports which has been on a roll for a long time. Just like the Nifty, it was also consolidating, it is moving up. So, these are three midcaps but I would think there are a lot of opportunities," he added.

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"I don’t think there is anything significant because Infosys has been doing this, it goes up, comes down, it is not giving us a bullish stance. So, it is best to be avoided."

"Maruti Suzuki should remain an outperformer for this entire bull market and the bull market could continue for years. Don’t even think of selling it, stay with it."

"Purely on the charts, and I am not talking about fundamentals, fundamentals can change the structure for midcap almost instantaneously. Purely on the charts, there is nothing to comment on Kiri Industries, it has been underperforming and you can switch to better midcaps. Century Textiles is a far better stock to be in,"  he said.

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First Published on Jun 22, 2017 01:30 pm
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