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Last Updated : Jun 20, 2017 01:56 PM IST | Source: CNBC-TV18

Buy Apollo Tyres, Dabur India, SpiceJet: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com suggests buying Apollo Tyres, SpiceJet and Dabur India.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "In Apollo Tyres, a buying is justified after a five-days consolidation, the stock is moving up handsomely. So consider buying Apollo Tyres. Second is Dabur. It has been underperforming the fast moving consumer goods (FMCG) group. It does appear that the very large consolidation is now coming and breaking on the upside and breaking out of resistance. That would lead to a significant move. It is not just a trade for the day. It is also something you want to carry for a few days or weeks also."

He further added, "Godrej Industries making lifetime new highs, anything that makes lifetime new highs is a good quality stock is a buy."

"UPL and Tata Chemicals are both top quality buying ideas but since I have to choose between the two, UPL would be relatively better. It has been outperforming and the sense is that it is relative but it is worth. If I have to choose, I would choose UPL."

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"SpiceJetis a buying opportunity on the charts and the fundamentals are backing it. I cannot tell you about the huge profits, the market decides that but what we can do is buy it. It is an investment buy, it is not a day trade. We are not talking about day trade neither for UPL nor for SpiceJet but it is worth buying into," he said.

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First Published on Jun 20, 2017 01:17 pm
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