Buy Shriram Transport Finance: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Shriram Transport Finance Corporation is worth buying.

Sukhani told CNBC-TV18, “The theme is that yesterday’s price action has not disturbed the bullish nature of most non banking financial companies (NBFCs) and on the charts NBFCs are performing better than the banks. Shriram Transport was in a trading range, saw a big rally. That rally came down to support. Now Rs 720 level has been broken, which tells that the rally is probably likely to continue. This is to be combined with the theme that NBFCs are doing well on the charts. I think it is worth buying. This is also a positional trade.”