Sukhani told CNBC-TV18, "At one point Gujarat NRE Coke was a favourite but the way it has behaved, fallen and almost lost its volatility, I would say it's an avoid."
He further added, "There is no buying and there is certainly no selling, it's very low. So it's best to avoid it till it shows some signs of life. We want it to first move up and then say okay, look at it."
The company touched its 52-week high Rs 72.00 and 52-week low Rs 20.60 on 05 Jan, 2011 and 10 Oct, 2011, respectively. Currently, it is trading -67.85% below its 52-week high and 12.38% above its 52-week low. Market capitalisation stands at Rs 1,336.61 crore.
