The latest analysis and commentary by stock market guru Sudarshan Sukhani on what is moving the markets today. Check out his top stock recommendations.
He spoke at length about Aurobindo Pharma, HDFC Bank, Britannia, Sun TV, Reliance Infrastructure, Kotak Mahindra Bank, Infosys, Tata Consultancy Services, Jubilant Foodworks, V-Guard, ICICI Prudential, Aditya Birla Fashion.
Recommending specific stocks ideas, Sukhani said, “Buy Jubilant Foodworks; that is a stock that is giving an outperformance. Also buy V-Guard; again a midcap stock, so we are focusing on buying good quality midcap stocks. Sell ICICI Prudential. I am downbeat on NBFCs. NBFCs have also been performing badly. So, sell ICICI Prudential.”
Speaking about the individual stock ideas, Sukhani said, “Aurobindo Pharma which had a small correction is now completing that correction, is looking towards a rally. I would suggest going and buying Aurobindo Pharma. HDFC Bank which has outperformed, yesterday I explained that it is now giving a bullish head and shoulder breakout after the outperformance and that is remarkable. So there is probably much more upside there. HDFC Bank is a buying opportunity. From the FMCG pack, Britannia is a buy.”
“Sun TV and Reliance Infrastructure are short sells. Both are making new lows, keep them for intraday,” he added.
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