Jagannadham Thunuguntla, Strategist & Head of Research of SMC Global Securities Limited recommended selling Bartronics.
Thunuguntla told CNBC-TV18, “The trader should take advantage of today’s bounce to exit Bartronics. I don’t see a reason why one should hold on to Bartronics. I feel today’s bounce provides an opportunity. The stock has been falling since the news about its foreign currency convertible bonds (FCCB) last month. After that it is just a dead cat bounce. I don’t read much beyond that.”