Feb 15, 2017 04:25 PM IST | Source: CNBC-TV18

Exit Adani Enterprises at higher levels: Shahina Mukadam

Shahina Mukadam, Independent Market Expert is of the view that one may exit Adani Enterprises at higher levels.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Adani Enterprises' numbers were good and I think most of their businesses like gold trading, mining, power, commodity trading, all are doing little better which is reflected in the numbers. So I think the stock is bouncing back but I would look at some level of about Rs 100 to book and get out of this stock."

"The simple reason being I am very uncomfortable with a high debt of almost Rs 75,000 crore that this company holds. In the loan book to loan to equity is something like three times. So I would book at higher levels, I wouldn’t keep it in my core investment portfolio," she added.

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