HomeNewsBusinessStocksBuy M&M Financial Services, says Sudarshan Sukhani

Buy M&M Financial Services, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may buy Mahindra & Mahindra Financial Services.

June 06, 2016 / 12:30 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Mahindra & Mahindra Financial Services is still a buy. We are only talking of short-term trading. So, for an investor, Mahindra and Mahindra Financials is a pause. You wait for a consolidation or even a correction. The run up has been quite stupendous. You can easily wait. But momentum is on the side of the buyers. A short-term trader should be looking to buy stocks that have exhibited further gains on the upside. It is a buy. Remember, it is a short-term buy."He further added, "Adani Ports is not bullish. I have been saying this consistently and I repeat it. You do not want to buy this. This is not a dip. It is a downtrend, it is a bear market, let it be, let it build a base. That is a long way off.""Maruti Suzuki is so much connected with the yen and that is exactly what is happening. It does not matter if it is below 200-day moving average, any dip in Maruti, once it stops falling, it becomes an excellent buy. You do not want to short-sell it," he said.

first published: Jun 6, 2016 12:24 pm

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!