Sudarshan Sukhani of s2analytics.com is bullish on VIP Industries and has recommended buy rating on the stock while he is bearish on Exide Industries.
Sukhani told CNBC-TV18, “There is a possible mild bounce back that is coming on the VIP Industries charts. It has fallen a lot from Rs 125 to Rs 80. For the last six-seven days it’s in a trading range. So at least it has outperformed the Nifty in the last seven days for whatever its worth. There is a sense that bounce back is not only possible but it’s a high beta stock so it could be quite dramatic also. So VIP is a buying opportunity. Just keep a stop loss in case things don’t work out but they should.” He further added, “Exide Industries is a short sell, yesterday we saw a rally but that means nothing. An immediate target of Rs 150 is possible, maybe not today but sell it whenever the market starts falling again.”Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
