Sudarshan Sukhani of s2analytics.com is upbeat on Apollo Tyres and has recommended buy rating on the stock and one can also buy TCS, Infosys.
Sukhani told CNBC-TV18, “We want to go long in IT sector because the sector itself is bottoming out. Today Tata Consultancy Services (TCS) and Infosys both are buying opportunities. They are not necessarily for the day, because remember it is a volatile day likely, but for the next couple of days.”
On Apollo Tyres, Sukhani says, “It is difficult to give a short-term call when the entire market is in a narrow trading range. But if we were looking for a period of three months then I would say that Apollo Tyres is in an uptrend, just beginning an upmove, probably a move towards Rs 95 or even Rs 100 is possible. So I am fairly upbeat on the stock.”
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