Buy Coal India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Investors should buy Coal India at the current price. It is just bottoming out, there is a long-term process going on here which should eventually see Rs 350-400 and that is after the dividend. Today it is ex dividend that is why you see the big drop. So I am thinking that Coal India is a buying opportunity for anyone who has a long-term-medium term view."

"The target on Coal India could be anywhere between Rs 350-400, market can do anything but the key here is you wait patiently, those targets should come," he added.