Short IVRCL: Sudarshan Sukhani

Short IVRCL, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I do not see much upside but there could be some because after this big decline the  stocks will go up for one-two-three days but that is not tradable. So, my sense is that IVRCL, like most of the other  infrastructure stocks is a short sell, is a selling idea, not buying.”
He further added, “We do not sell it today but we wait patiently for this small rally to get exhausted and then take short  positions."
The share touched its 52-week high Rs 75.20 and 52-week low Rs 28.10 on 13 April, 2012 and 15 February, 2013,  respectively. Currently, it is trading 59.18% below its 52-week high and 9.25% above its 52-week low. Market  capitalisation stands at Rs 942.14 crore.