Hold Sterlite Industries, says Sukhani

Sudarshan Sukhani of s2analytics.com advised holding Sterlite Industries. According to him, the stock may see turnaround in next one or two years.

Sukhani told CNBC-TV18, “I would ask him to hold on. There is no sense in booking your losses at Rs 88 which is where Sterlite Industries is. All the pain is behind it. Maybe it will go down another 20 percent.”

“Now wait patiently. In a year or two years you will see the metals turnaround and then probably enter a bull run. The price is almost at the bear market lows. No sense in selling now,” Sukhani added.

”Same thing for Sesa Goa; Sterlite and Sesa Goa are the same companies,” Sukhani added.