Buy Mcleod Russel on dips: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mcleod Russel on dips.

Sukhani told CNBC-TV18, "Jubilant Foodworks went through a correction, so its not that the caution was completely unjustified but it's bouncing back remarkably. I do not know how one can buy it for an investment but for trader it seems that there is momentum here, it's worth buying into. Either concept stocks or blue chip stocks could do well today."
He further added, "I think lot more upside in Mcleod Russel. It's more of an investment stock; buy it on a dip. But for traders - not necessarily a day trade - but for traders it's worth entering in now. It's on the verge of making lifetime new highs and stocks that make lifetime highs are very bullish and they must be a part of portfolio. Tea as a sector is going through a decent patch. So it's in the right sector, right business and with right charts." Disclosure: I have no personal holding in the above stocks.