Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "On the charts, Indiabulls Power is not looking very attractive. The power sector itself is bottoming out. So normally when a sector bottoms out, most stocks in this sector become outperformers and in that sense, power is a good place to be in if one wants to take a one year call."
"I would have suggested looking at may be Tata Power which is probably better placed but the sector itself is okay. So I think Indiabulls Power is probably worth buying and taking a one-year call on it," he said. Disclosure: I have positions in the Nifty that I usually have but I don't have any positions in the stocks we discussed.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!