Lupin may move to Rs 950, says Gopi Suvanam

Oct 18, 2013, 06.16 PM IST

Gopi Suvanam, Founder of InvestWorks feels that Lupin may move to Rs 950. "One may short DLF and YES Bank," he adds.

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Lupin may move to Rs 950, says Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks feels that Lupin may move to Rs 950. "One may short DLF and YES Bank," he adds.

Like this story, share it with millions of investors on M3

Lupin may move to Rs 950, says Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks feels that Lupin may move to Rs 950. "One may short DLF and YES Bank," he adds.

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Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "I do not think results are going to move the market up or down next one week. It should be flows that would keep an eye on. One positive thing from fundamental angle is the drop in Current Account Deficit (CAD). Maybe eventually we can even aim for a current account surplus, so that would be a good thing. From that perspective technology and pharma are looking good."

"In technology I would look at Tata Consultancy Services (TCS). It has not done as well as its peers in terms of price move, although fundamentally it is still a strong stock. In pharma I would look at Lupin which would go back up to Rs 950 odd levels," he added.

"There is nothing that has changed for rate sensitives overnight, so this could be an opportunity to go short on some of these stocks for example YES Bank or maybe keep an eye on DLF and then short at these levels or higher levels if it goes there."

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