Avoid MMTC, Hindustan Copper, STC India: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that avoid MMTC, Hindustan Copper, STC India.

Sukhani told CNBC-TV18, “I would not trade stocks like MMTC, Hindustan Copper, STC India and the reason is very simple. There is no liquidity in these shares, they are prone to this 10-50 percent rally at the drop of a hat and then that comes crashing down so how do we know this time it is going to workout. The strategy is don’t even listen to these prices.”
MMTC closed at Rs 609.55, up Rs 97.15, or 18.96%. It has touched a 52-week low of Rs 506.50. It has touched an intraday high of Rs 614.85 and an intraday low of Rs 506.50. There were pending buy orders of 11,149 shares, with no sellers available. It was trading with volumes of 745,663 shares.