Buy Alok Industries, says Sudarshan Sukhani

Buy Alok Industries with a target of Rs 25, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Arvind is a dismal, its not doing the right things. It’s breaking down so we can keep Arvind aside till it forms some kind of stable base.”

He further added, “Alok Textiles is far more interesting. On long term charts Alok Textiles suggest that the Rs 17-18 level that it reached is probably a long term bottom. So somebody who is looking to put a little bang in the buck, have big returns, percentage returns with small risk could buy Alok Textiles. I don’t know about the trading part but if you are willing to hold this position for three to six months a position trade Alok Textiles qualifies as a buy with a target which could be easily Rs 25 or even more.”