Sell Manappuram Finance: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ten days ago Manappuram Finance was falling with circuits, five percent everyday. Now we have seen a rally; the numbers could see it go higher but while it is not in the Futures and Options (F&O), it cannot be short sold."

"I would still be a seller in the stock, which essentially means that I would not buy this minor strength. It is too early, so either sell or stay away," he said.

The share touched its 52-week high Rs 46.00 and 52-week low Rs 9.85 on 04 January, 2013 and 16 July, 2013, respectively. Currently, it is trading 72.02 percent below its 52-week high and 30.66 percent above its 52-week low. Market capitalisation stands at Rs 1,082.63 crore.

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