Moneycontrol PRO
HomeNewsBusinessSell Glenmark Pharma, Idea Cellular; buy Titan Company, prefer Maruti Suzuki over Amtek Auto: Sudarshan Sukhani

Sell Glenmark Pharma, Idea Cellular; buy Titan Company, prefer Maruti Suzuki over Amtek Auto: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and Idea Cellular and buy Titan Company and prefers Maruti Suzuki over Amtek Auto.

August 31, 2017 / 13:08 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "There are opportunities, the opportunities come on both sides, long and short. So Glenmark Pharma is a short sell. Pharmaceutical has not come out of that bear market; we have those random days, one day up, two days up. Sometimes news or without news the stock goes up, but it is not sustained. So, pharmaceutical remains in a bear market and today in a choppy day, Glenmark is the choice for going short."

"The second short idea is Idea Cellular. Idea has been doing nothing and consistently going down, lower highs, lower lows, and then it has some news, some rumours, it goes up for a day and again renews its down move. So two short selling ideas. One buy idea and that is easy to say, Titan Company."

"Jewellery companies, or gold related companies are in a bull market of their own. Titan is a buying idea for the day and it is also an investing idea. So if you are looking for an investing idea in these choppy days, Titan is a good choice."

"I would not buy Amtek Auto at any price. So it is very difficult for me to say what he should expect in the next 12-18 months. My suggestion is do not dabble in news based stocks for which we have no knowledge of what the future is going to bring. So it is not worth it. Far better to invest in a company like Maruti Suzuki where you know that your money will increase consistently and regularly. So, for Amtek Auto my advice is avoid or otherwise sell, do not buy," he added.

first published: Aug 31, 2017 01:06 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347