Moneycontrol
Dec 20, 2016 03:07 PM IST | Source: CNBC-TV18

Exit Snowman Logistics, says Rajat Bose

Rajat Bose of rajatkbose.com is of the view that one may exit Snowman Logistics.

Rajat Bose of rajatkbose.com told CNBC-TV18, "Snowman Logistics is trading close to its 52-week low. Here I see an asset liability mismatch kind of a thing. If you are bidding on GST and logistic stocks, then you are bidding for at least some time, nine months to about 12 months or so. "

"If one has a horizon of only one month, I would say exit. But I would definitely bid on the long term and held on to it and not sold at 52-week low levels," he added.

At 14:50 hrs Snowman Logistics was quoting at Rs 51, down Rs 0.30, or 0.58 percent on the BSE.
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