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May 21, 2013, 07.20 PM IST | Source: CNBC-TV18

Exit Voltas around Rs 100, says Ashu Madan

Ashu Madan, President of Core Client Group at Religare Securities advised exiting Voltas at around Rs 100 and getting into other stock.

Ashu Madan, President of Core Client Group at Religare Securities told CNBC-TV18, “On immediate basis, I don’t think it will be easy for Voltas to cross Rs 100. So, at every time it will try to inch up higher you will see profit booking or a bout of selling coming in.”

He further said, “If it goes below Rs 85 it can spell further disaster as far as price is concerned. So, not a very happy situation, at Rs 100 if he gets a chance he should get out and switch in to some other stock.”

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