HomeNewsBusinessBuy Yes Bank, Hindustan Zinc, IGL; sell Apollo Hospitals, avoid HDIL: Sukhani

Buy Yes Bank, Hindustan Zinc, IGL; sell Apollo Hospitals, avoid HDIL: Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can buy Yes Bank, Hindustan Zinc and Indraprastha Gas and sell Apollo Hospitals Enterprises while one can avoid HDIL.

August 17, 2017 / 11:53 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The charts are suggesting that most banks are going into a process of consolidation. So while Yes Bank is always a buy because bluechips can be bought anytime, lower levels would be available in the next two months."

"Biocon has probably completed its bull market. That is a pity because it has been a big rewarder. However, I think consolidation and lower levels are coming there. Sometimes that happens to bluechips."

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"HDIL is a complete avoid. Nothing to see there. We talked about Hindustan Zinc, everybody did, and that is a buying opportunity," he said.

"Apollo Hospitals Enterprises continues to weaken and it is a short sell. It is probably becoming an easy short sell. Indraprastha Gas (IGL) is a buy."