Don't invest in India Foils, says Dutt

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about India Foils See messages about India Foils

Sanjay Dutt of Quantum Securities, is of the view that one should not invest in India Foils .

Dutt told CNBC-TV18, "There have been developments in the recent past in India Foils in terms of M&A, and takeover activity and that is the reason it is buzzing. Barring that I don't see any reason to remain invested in it. Fundamentally, it doesn't warrant any investment, or holding on the stock."

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