Exit Kinetic Motor at current levels: Baliga

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Exit Kinetic Motor at current levels: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that one should exit Kinetic Motor at current levels.

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

Ambareesh Baliga of Karvy Stock Broking is of the view that one should exit Kinetic Motor at current levels.

Baliga told CNBC-TV18, "We are bit negative on two wheelers as of now. One should exit Kinetic Motor than to actually hold on or buy this stock. It really did not perform. They have lost their first move advantage and I don't think they can again recover to those earlier levels. In scooters, they have 6% market share, two wheelers 1% market share."