Sell Tata Motors, Glenmark Pharma; buy Colgate Palmolive: Sudarshan Sukhani
Sudarshan Sukhani of s2analytics.com suggests selling Tata Motors and Glenmark Pharma and advises buying Colgate Palmolive.
March 22, 2017 / 01:59 PM IST
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Individual stocks will do their own things but with the mood changing and becoming a little downbeat, there are short selling opportunities opening up." "I have Tata Motors which is now suggesting that significantly lower levels or a deeper correction is coming. That is a short sell and Glenmark Pharma from the pharmaceutical companies," he said. "The pharmaceutical stocks are all over the place. A lot of them are giving us bearish signs and Glenmark is one of them." "There is a buying opportunity just to balance it out. I am upbeat on FMCG. Generally that sector is outperforming and probably will outperform. So, Colgate Palmolive is a buy."