Moneycontrol
Get App
Last Updated : Dec 30, 2013 01:35 PM IST | Source: CNBC-TV18

Exit PC Jeweller: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one may exit PC Jeweller and prefer Sesa Sterlite, Hindalco Industries in metals space or ICICI Bank and State Bank of India in the banking space.


Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "PC Jeweller is not a very attractive stock to be in for the next one year. The chart doesn’t suggest a big upmove. Markets will go up and down and PC Jeweller can move in accordance with that but this wouldn’t be one of my favourite stocks."


"My recommendation would be to exit at whatever opportunity one gets and go into either banks, which are being sold at much lower prices or even metals where a bull run is probably coming in 2014. So banks and metals are choices. Sesa Sterlite or Hindalco Industries in metals or ICICI Bank and State Bank of India (SBI) in the banks," he said.


Disclosure: He has positions in DLF.

Close


Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Dec 30, 2013 01:35 pm
Sections
Follow us on