HomeNewsBusinessStocksSell L&T, IRB Infra; buy Power Finance Corp: Sudarshan Sukhani

Sell L&T, IRB Infra; buy Power Finance Corp: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Larsen and Toubro and IRB Infra and buy PFC.

October 13, 2016 / 12:30 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Larsen and Toubro (L&T) is a short today. The stock itself did not perform when the markets were rallying and a bearish head and shoulder is now visible on it. So probably lower levels are coming.""IRB Infra is also a short sell. Infrastructure stocks have gone through a mild rally. That rally is well and done over with. So, not only IRB Infra, most infrastructure stocks probably will come down significantly," he said."I have Power Finance Corporation (PFC) as a buy. PFC and Rural Electrification Corporation (REC) are outperforming. This is relative outperformance, but even then, if the markets stabilise intraday, PFC could be considered for buying."

first published: Oct 13, 2016 12:28 pm

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