Exit Pochiraju Industries, says Shastri

Shastri told CNBC-TV18, "Pochiraju Industries is a mixture of various businesses; it does not have a specific and a clear-cut business line to even compare it with peers. So it is one, which cannot be compared because it is a mixture and for this kind of mixtures, I do not think they get any kind of good valuations from the market. The best thing would have been for an investor to exit if at all the investor has taken the exposure during IPO time, when it got listed, but if at all one has invested post IPO, I do not think one can get back their investment that quickly and that is quite difficult."

He further added, "Even on the current earnings basis and on future earnings basis, even if you look at the multiple, it is expensive. So I would advise investors to book loss and exit from this counter and look for alternate investments, maybe shift to capital goods segment to even recover loss and to gain descent returns."