Buy Ashok Leyland, expect breakout: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ashok Leyland has been a strongly trending stock in a market that is doing nothing. It is very choppy. It is much better to focus on stocks that have proved their outperformance. Just like Lupin, Ashok Leyland has proved it. Almost similar to the Lupin although they are completely different sectors. There was a mild correction and that correction went sideways and yesterday it broke on the upside. There is no reason to think that this breakout is just one day. If it is then that is it but we would be buyers. We expect this breakout to be sustained."The share touched its 52-week high Rs 99.50 and 52-week low Rs 44.95 on 18 August, 2015 and 16 October, 2014, respectively.