Buy Raymond, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "Raymond is a favourite. It is come in my buy list repeatedly. It is now breaking out of a very handsome continuation pattern and suggesting much higher levels. So, a lot of the trades we are now discussing could be used as position trades not just for intraday trading. So, today Raymond’s could do anything, F&O expiry does unusual things but somebody wanting to take a position should be considering Raymond’s as a buy."
He further added, "SKS Microfinance was given as a buy when it was at Rs 110. It is now Rs 150 and it is on a tear and it was on a circuit day before. Again it is a buying opportunity but you don’t want to buy a stock after it hits a circuit on maybe two of them. You want to wait patiently for the stock to come down and they inevitably do. When people forget about them then go long in it. I think SKS is embarking on a new upmove of its own."
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