Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "CESC is a momentum stock. It is not an investing idea. However, as a momentum trader, there is no harm in latching on to stocks that are doing right things."
"From Rs 250 to Rs 325, the move has been steady and slow. It has not been in a surge of one-two days. So, that is a tradable move. After reaching Rs 325, CESC has done the same thing; consolidated and that minor consolidation is going to break on the upside and assuming that the Nifty remains choppy for the next few days, a lot of stocks will go up. We should be willing to buy. CESC is one of those," Sukhani said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!