Exit NHPC: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one should exit NHPC.

Sukhani told CNBC-TV18, “I think the investor should get out of NHPC. This is not a good location to buy for a trader. The best option would be to get out. If one is an investor then also I would suggest should get out because the stock has seen 50-60 percent rally. It can consolidate for many months and weeks.”
At 14:45 hrs NHPC was quoting at Rs 27.75, down Rs 0.30, or 1.07%.It has touched an intraday high of Rs 28.15 and an intraday low of Rs 27.70. It was trading with volumes of 1,803,485 shares, compared to its five day average of 3,208,403 shares, a decrease of -43.79%.
The share touched its 52-week high Rs 29.05 and 52-week low Rs 14.65 on 01 February, 2013 and 07 September, 2012, respectively. Currently, it is trading 4.48% below its 52-week high and 89.42% above its 52-week low.