Apr 10, 2013, 07.07 PM | Source: CNBC-TV18
Sanjeev Agarwal, CEO, Dynamix Research & Capital Management advises investor to exit from Delta Corp around Rs 60-65.
Sanjeev Agarwal (more)
CEO, | Capital Expertise: Equity - Technical
Agarwal told CNBC-TV18, “ Delta Corp had corrected very sharply in this midcap mayhem and now it is pulling back. I expect Rs 60-65 will be a good level to exit. Though, there will be lots of volatility, but there maybe a pullback upto Rs 70-75.”
He further added, “I will suggest investor that Rs 60-65 is a very good level to exit.”
On April 10, Delta Corp closed at Rs 60.40, up Rs 10, or 19.84 percent. It has touched an intraday high of Rs 60.45 and an intraday low of Rs 50.50.