Buy Shrenuj and Company: Sudarshan Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Shrenuj and Company. However, he would avoid VIP Industries.

Sukhani told CNBC-TV18, “I track Shrenuj and Company. It has doubled itself from Rs 55 to Rs 110 and it does appear that there is more momentum on the upside. It is very similar to Reliance Communications, of course very different businesses but the charts are similar. So I would be a buyer here in Shrenuj. For intraday trader you can actually trade intraday in this stock, wait for small consolidations and go long. I would avoid VIP Industries completely.”
At 12:51 hrs Shrenuj and Company was quoting at Rs 108.50, up Rs 10.65, or 10.88 percent. It has touched a 52-week high of Rs 112.40.