Buy Hero MotoCorp, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Hero MotoCorp is a nice chart. Last week also it was a pick. The reason is that it has made a double bottom and rallied on from that levels. However, the much bigger reason is when the Nifty fell to 5,500 Hero MotoCorp did not because it has already completed its bear market at Rs 1,425 much earlier."

"There was a strong rally and a mild correction. It is outperforming the Nifty now and outperforming most auto stocks. I know that the charts are suggesting that Hero MotoCorp is now willing to go much higher, it is a buying opportunity today," he said.
The share touched its 52-week high Rs 2,149.95 and 52-week low Rs 1,434.05 on 29 June, 2012 and 15 April, 2013, respectively. Currently, it is trading 21.86 percent below its 52-week high and 17.15 percent above its 52-week low. Market capitalisation stands at Rs 33,547.50 crore. Also Read: Aim to launch 1 new model each yr in long term: Tata Motors