Buy Bata India, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We like Bata India. The stock is prone to volatile moves, it had a sharp correction and then the rally has started. It has already embarked on a new rally. That rally should have lot of legs and see it go much higher."

"For the day, take Bata as a long trade. In a choppy market we have both short and long trades. Mild bias should be towards long trade and Bata is well positioned to take advantage of any gains and strength in the market," Sukhani said. The share touched its 52-week high Rs 989.00 and 52-week low Rs 688.25 on 03 October, 2012 and 20 March, 2013, respectively. Currently, it is trading 6.67 percent below its 52-week high and 34.11 percent above its 52-week low. Market capitalisation stands at Rs 5,931.55 crore.