Moneycontrol PRO
HomeNewsBusinessSell NMDC, Tech Mahindra; buy Muthoot Finance: Sudarshan Sukhani

Sell NMDC, Tech Mahindra; buy Muthoot Finance: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell NMDC and Tech Mahindra and buy Muthoot Finance.

April 13, 2017 / 14:24 IST

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "These are primarily intraday trades because tomorrow is a holiday, there is no sense in carrying short term positions forward. NMDC and Tech Mahindra are both short selling ideas. Both are very weak. NMDC has fallen from a Rs 151 to Rs 132-133. Tech Mahindra falls every day. So, now this is a market where we want to sell weakness and I am repeating they are intraday trades." 

"Muthoot Finance is a buying opportunity. NBFCs are doing rather well, as are banks. We are all seeing how banks are outperforming. That applies to NBFCs also. So, Muthoot Finance is a buying opportunity, as are most other NBFCs," he added.

first published: Apr 13, 2017 02:10 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