Short NHPC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can short NHPC.

Sukhani told CNBC-TV18, "If you want to trade NHPC, you have to go and short it. Luckily it is in the F&O segment, so you could sell it. For Rs 19-20 stock, your targets are also 0.50-0.80 paisa but on a large lot size even that makes money. So it is a shorting idea."
At 10:15 hrs NHPC was quoting at Rs 20.75, down Rs 0.10, or 0.48 percent. It has touched an intraday high of Rs 20.90 and an intraday low of Rs 20.75.
The share touched its 52-week high Rs 29.40 and 52-week low Rs 14.65 on 20 February, 2013 and 07 September, 2012, respectively. Currently, it is trading 29.42 percent below its 52-week high and 41.64 percent above its 52-week low. Market capitalisation stands at Rs 25,524.04 crore.