HUL, Dr Reddys Laboratories likely to outperform: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that HUL, Dr Reddys Laboratories likely to outperform.

Sukhani told CNBC-TV18, “I would suggest the investor to move out IndusInd Bank. Private sector banks have become some kind of a mini bubble; they are going up, it is not sustainable. My sense is that private sector banks are likely to head into a deep correction. So, based on what my judgment is, one should get out and wait patiently. One will get the same stock at much lower levels sometime in 2013.”
He further added, "Ideally one should not put in the market because we are in some kind of a downtrend but suppose one do want to invest and do not mind some mild draw downs in-between then defensives are the best for e.g. Hindustan Unilever, which is now bottoming out is likely to outperform and the same applies to Dr. Reddy’s Lab. I am a big fan of blue chips.”