Wednesday, April 11, 2012

Buy Lupin, says Sudarshan Sukhani

Sukhani told CNBC-TV18, "Lupin is almost in a similar chart pattern as Divis Lab except that Lupin has not gone through a correction, it is making lifetime new highs. Similar because both of them are suggesting attractive buying opportunities, both of them are defensives. So for a stock that makes lifetime new highs, we want to go and buy it. Not necessarily in the morning itself but this doesn't stop, just like we have a talk of Apollo Tyres which is doing the same thing."

He further added, "You can have a one day pullback or a two days pullback but this upmove continues. So Lupin is something that we want to buy, simply because everyone is buying it and there is lot of strength in it."

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