Sell Shriram Transport, says Sudarshan Sukhani

Sell Shriram Transport, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Shree Renuka Sugars has made lower highs consistently for the last month or so. I could wrong and in any case the market where I feel momentum is on the upside, short selling ideas should be scarce and taken with a lot of respect. But Shree Renuka gives the impression that it could slide or consolidate or remain choppy even in an up going market."

He further added, "Shriram Transport Finance Corporation has cracked below Rs 600 few months ago and then a rally brought it to Rs 600 and its completely failing to cross that level. Good finance companies are flying high including SKS Microfinance, not the same businesses but the same group. But Shriram Transport is not doing that. So it is underperforming and any underperforming in a distinctly bullish market is a sell."

Disclosure: I have no personal holding in the above stocks.