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Last Updated : Jul 14, 2016 12:50 PM IST | Source: CNBC-TV18

Buy Ajanta Pharma, Godrej Ind, UltraTech: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ajanta Pharma, Godrej Industries and UltraTech Cement.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The stock pickings are on the long side because that is where the action is. So, Ajanta Pharma is a buying opportunity. There were two big down days in the stock. So, what has happened is that the price decline has brought it to a strong support level. So, this is really a classic buy on dips trade. If it works out then we are literally buying at a low of a correction."

"The other two suggestions I have is for stocks that are breaking out. The first is Godrej Industries. The stock has been in a consistent uptrend. It is making new highs today. New highs should be bought into," he said.

"I am upbeat on cement and it seems to be following the rules of trend moving up consolidating and moving up. So, UltraTech Cement is a buying opportunity. Generally, theme should be to to be on the long side."

"Today SRF has run-up a lot, so for a short-term trader I don’t know how much more there could be. Technically, for a short-term trader you just have to watch it and appreciate the big built. For an investor, I think there is more here. One has to be patience but an investor could buy."

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First Published on Jul 14, 2016 12:50 pm
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