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Last Updated : Dec 09, 2015 11:37 AM IST | Source: CNBC-TV18

Avoid Dr Reddy's Laboratories: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can avoid Dr Reddy's Laboratories.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "ITC should find support around Rs 280-290 whenever the bear market or decline ends and I would be a buyer in ITC in spite of all the adverse news. So ITC is okay for me, not now but at some point. At this point I wouldn't buy much."

"Dr Reddy's Laboratories is a different story, the stock is not stopping. I have explained that when a big news decline happens, we do not buy until the decline stops and a small sideways movement, a base building process starts. It is nowhere near that. So Dr Reddy's is a complete avoid," he said.

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First Published on Dec 9, 2015 11:36 am
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