Stay with Coal India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Coal India is in a trading range and pushing against the higher end of this range. It independently won’t go its own way. It will follow what the Nifty does. However, if the Nifty stabilises, not necessarily today, whenever it stabilises Coal India should outperform. Investors should stay there and traders should be waiting for the stability in the Nifty and then look to buy Coal India then."

At 13:22 hrs Coal India was quoting at Rs 387.90, up Rs 4.30, or 1.12 percent. It has touched an intraday high of Rs 392.15 and an intraday low of Rs 382.

Disclosure: Analyst does have positions in the stock.