Short IRB Infrastructure: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "IRB Infrastructure has broken down from a very strong support level, which is around Rs 100. It is now trading below that, that is a shorting idea. IRB Infra is a sell and so is Punjab National Bank."

At 14:11 hrs IRB Infrastructure Developers was quoting at Rs 94.00, down Rs 3.45, or 3.54 percent. It has touched an intraday high of Rs 100.00 and an intraday low of Rs 91.05.
The share touched its 52-week high Rs 161.40 and 52-week low Rs 86.10 on 04 October, 2012 and 25 June, 2013, respectively. Currently, it is trading 41.76 percent below its 52-week high and 9.18 percent above its 52-week low. Market capitalisation stands at Rs 3,124.22 crore.