Buy Cipla, Dr Reddy Labs, Ranbaxy: Sukhani

Sudarshan Sukhani of s2analytics.com suggest one can buy pharma stocks.

Sukhani told CNBC-TV18, “Sun Pharma and Ranbaxy Laboratories would be my top picks. Cipla has done its bit. That does not mean the trend is not up, it is still up, but there are times when you want to buy it and that was the time when it was Rs 360. Now we want to let it take its rest, pause. But Sun Pharma is just willing to go and make lifetime new highs and Ranbaxy is coming out of a very strong decline. It is building a base. It is choppy. But every time we find an opportunity as it is today we should be buying it. Dr. Reddy’s can be avoided for the next few days, perhaps next week there will be an opportunity to buy. All four stocks are buying opportunities."