Prefer L&T, BHEL to GMR Infra: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should exit GMR Infrastructure and enter Larsen and Toubro (L&T), BHEL. One can buy Dishman Pharmaceuticals at current level but stock will move only if the Nifty moves up.

Sukhani told CNBC-TV18, “It is much more sensible to say GMR is not one of the better stocks. It is a big loss and that is a setback. But even now one should shift to the financials which will outperform whenever the market goes up. So the private sector banks are a very good opportunity. If one wants to stay in infrastructure then buying L&T or BHEL is better than staying with GMR. So one should get out and move the money either into L&T or BHEL or in the financials
On Dishman Phrama, Sukhani says, “I think current levels are good enough to enter in Dishman Pharmaceuticals & Chemicals. The problem is that the stocks will move only if the Nifty moves up. Dishman is not going to do its own thing if the Nifty decides to take a tumble on the downside. So this should be explained. So that is a call which is anybody’s guess. But the levels at current price are satisfactory. If one wants to buy then this is a good price to enter.”