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Sell PNB; buy Parag Milk, Prabhat Dairy, Hexaware: Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com, one may buy Parag Milk, Prabhat Dairy and Hexaware.

December 13, 2017 / 12:35 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "If you are looking to buy and hold for few weeks to months, Parag Milk and Prabhat Dairy are buying opportunities in spite of the big gains they have seen. Unfortunately, I cannot say the same about paper; paper is a dull and a deadbeat industry. Of course it can do anything, but I think it is best avoided."

He further added, "Hexaware is a buy. Midcap IT stocks are doing their own thing and they are keeping continuously in a strong momentum up trending market. So it is just one of the stocks I have selected for the day, the entire sector is a buy actually. Hexaware is a buying opportunity for the day."

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"Raymond is doing something very unusual; it is having a very strong momentum, strong upside rally, minor dips. So Raymond is a buying opportunity. Just to balance it, Siemens is a short sell. However, short selling should be done only intraday, do not carry short positions forward."

"Averaging out of Cadila Healthcare is not a good idea. The prices are much lower, and you do not actually average out speculative stocks like pharmaceutical. However, hold on the stock because it has already come down to a very low level and there is some support there. There is no sense in now doing anything else except hold."