Hold DCB for long term, says Sukhani

Sudarshan Sukhani, s2analytics.com advice traders to hold DCB for long term.

Sukhani told CNBC-TV18, “I am upbeat on sugar stocks. Shree Renuka’s target is around Rs 40 and hopefully that should be achieved in the next six months or so. There is no relationship between the market price today and his buying.”
He further added, “At Rs 40 profit should be taken but in this case that would not be valid also. It’s a judgment he has to make. I can only say that I see Shree Renuka rallying to Rs 40 from here. Shree Renuka is an excellent company and once the uptrend starts even Rs 50 will come but I cannot give a timeframe.”
“DCB is a much better stock. It has gone through a very deep correction but I wouldn’t worry about it. It’s a stock that you should hold on to and you will get good returns in the next one year.”