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Buy HUL, avoid Yes Bank; Hindalco may move higher: Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever on dips and advises avoiding Yes Bank while he feels that Hindalco Industries may move higher.

November 03, 2016 / 10:53 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Yes Bank is best avoided. If there is a small intraday rally, you go short in it. I don’t think any of the banks justify a position other than going short." "Hindustan Unilever (HUL) continues to be a buying opportunity on a dip. If the market is willing to go higher even in a choppy environment, I am considering as a buy in HUL for the day," he said."Hindalco Industries is likely to move higher together with Vedanta. Between the two, I like Vedanta; it is just a matter of relative choice. However, both metal stocks I have earlier spoken about, NMDC and I have some investments in that. Broadly the non-ferrous metal sector is still upbeat and is a buy on every dip including Hindalco." "I don’t see any of the logistics stocks apart from some intraday rallies, they are already at elevated levels. I would not buy any logistics stock at all."

first published: Nov 3, 2016 10:53 am

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