Buy Bata India, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Bata India is perennial because it keeps on going up. It goes through sharp corrections and then makes those lifetime new highs again. It has already gone through a very severe correction; it was correcting while the market was doing other things."

"The correction maybe over and also the consumer goods sector by itself is relatively an outperformer, so Bata is a buying opportunity for today. Yesterday it had a very good day. I think this is going to see a sustained upmove. It is not only a day trade but also something one wants to hold on to," he said.