Buy Godrej Industries, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Industries.

Sukhani told CNBC-TV18, "Godrej Industries has come consistently in the buy list, it is again coming. It went through a mild correction and has now resumed its upmove. It is likely to make new highs and then keep on going further. Stocks that go through small corrections actually give us opportunities to enter at reasonable or lower levels, which is what Godrej has done. I would be a buyer here. I am not so worried about the fact that the Nifty may or may not move because individual stocks will move." He further added, "Adani Power is again one of those stocks that have done their bit on the bearish side. Now, a small rally has already started. It is not the first time – it is not that Adani is suddenly moving up. It is in a small uptrend and that uptrend is likely to gain momentum. Power stocks in general are showing signs of life and that will happen because these cycles of sector rotation will continue. So, generally power stocks are good and Adani probably is a better opportunity among that."