Expect more upside in BPCL, HPCL: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For somebody who has missed out, there is more upside potential in Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) but this is no longer a day trade, this is a trade where you take a position and accept minor setbacks but hope to get a bigger move and that will come."

At 14:33 hrs Bharat Petroleum Corporation was quoting at Rs 448.65, up Rs 35.45, or 8.58 percent. It has touched a 52-week high of Rs 458.30.

The share touched its 52-week high Rs 428.45 and 52-week low Rs 256 on 16 May, 2013 and 06 August, 2013, respectively. Currently, it is trading 4.71 percent below its 52-week high and 75.25 percent above its 52-week low. Market capitalisation stands at Rs 32,441.17 crore.

Disclosure: Analyst does not have positions in the stocks.