Sudarshan Sukhani of s2analytics.com is of the view that one can hold LIC Housing Finance, Cipla.
Sukhani told CNBC-TV18, “LIC Housing Finance is an excellent chart. In three years time you could be easily looking at more than Rs 400 and maybe even more. You will see ups and downs but its one of the better stocks in the non-banking financial sector. I think one should hold on to it.”
He further added, “I think Cipla is good for lot more and if one has patience to hold, to see Cipla go in a trading range and come out of it. It is one of the outperformers in the pharmaceutical sector now and that should continue. No one can predict a future with any certainty but whatever we can see it’s an outperformer and one should stay with it.”
On the banking space, Sukhani says, “I think the major banks like HDFC Bank, ICICI Bank, Axis Bank and the housing finance company HDFC, all four are shorting targets. On a safe wicket one could buy January Puts. I think there would be more downside and that could make money.”
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