Buy Punj Lloyd: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Punj Lloyd.

Sukhani told CNBC-TV18, "Punj Lloyd is a buying opportunity. The problem with Punj Lloyd is the sharp rallies and  equally sharp declines that it gives. The market is not going to keep on going up relentless after a sharp rally and that is  the problem. So entry in Punj Lloyd should be done only when we get a correction in the next few days and that will  come about but the fact that it has broken out of a trading range, broken out of its earlier highs tells us we should be  buying it."
He further added, "The worst in Mahindra & Mahindra (M&M) is not that bad. It just went into a consolidation. It has  shown that a good stock will keep on going up and I assume there is a good reason for that. So M&M is just coming  out of a small consolidation and a small correction is worth buying for intraday traders and worth buying for positions."