Exit KEC International, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends exiting KEC International.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I would suggest that one should exit KEC International  because the stock has run up from Rs 25 to Rs 125. It is a pretty good run up that has already taken place. Now Rs 115-120 is also very early resistance but midcap stocks or smallcap stocks also need to be considered on fundamentals."

"Purely on the charts after a big run up, the stock can go sideways for months altogether, so one should simply exit now and search for another opportunity," he added.

At 12:18 hrs KEC International was quoting at Rs 100.25, up Rs 2.05, or 2.09 percent. It has touched an intraday high of Rs 101.10 and an intraday low of Rs 99.

Disclosure: Analyst does not have positions in the stock.

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