Buy Shriram Transport Finance: Sudarshan Sukhani

Buy Shriram Transport Finance Corporation, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Shriram Transport Finance Corporation is part of the Non-bank financial company (NBFC) group which is very upbeat. The stock went down to Rs 600 and has rallied all the way to Rs 800 before going through a small and brief and reasonable correction. Corrections are inevitable and they are also important for traders to let off steam. That has happened in Shriram Transport."
He further added, "The corrections may well be over. It is seeing gains now, a couple of days of gains and if those gains are held then the first challenge will be to Rs 800 and then to new highs once it crosses Rs 800. So this is not just a day trade for buying. It is also a positional trade. It is a very attractive opportunity."