HomeNewsBusinessStocksBuy Marico, Coal India, Dr Reddy's, Maruti, SBI: Sukhani

Buy Marico, Coal India, Dr Reddy's, Maruti, SBI: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Marico, Coal India, Bajaj Finance, Dr Reddy's Laboratories, Maruti Suzuki and State Bank of India.

June 22, 2016 / 13:18 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The trend is up, even the short-term trend is up it is better to be on the buy side of the market. So, Marico is a buying opportunity. It has been doing well after a very brief correction, breaking towards new highs repeatedly and goes through a base building process and then breaks out.""Coal India is giving us a V-shaped recovery after a sharp decline, it is now slowly inching upwards. Every day it gives some minor gains little or more. So, the stock remains a buying opportunity," he said. "Bajaj Finance comes back into play after a few days of taking rest, that is also a buy. We are on the long side of the market as of now and the momentum whatever for it is worth on the up side." "Dr Reddy's Laboratories is a positional buy, I don’t know whether it is worth buying today. However, if somebody wants to invest a little bit of money, Dr Reddy's is an excellent buy. For six months it is in a trading range. It is on the verge of breaking out now." "I would be a buyer in Maruti Suzuki and it would be a complete avoid in Tata Motors and Ashok Leyland," he added."As of now, State Bank of India (SBI), is a buy, not for today, it is a positional buy."

first published: Jun 22, 2016 01:18 pm

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