Sell Educomp Solutions: VK Sharma

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Sell Educomp Solutions: VK Sharma

Sell Educomp Solutions, says VK Sharma, Head-Private Client Group, HDFC Securities.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by VK Sharma See what other Experts & Brokerages are saying about Educomp Sol See messages about Educomp Sol Educomp Sol BSE | NSE 13/02/12 Are Mutual Funds betting on Educomp Sol?

Sell Educomp Solutions , says VK Sharma , Head-Private Client Group, HDFC Securities.

Sharma told CNBC-TV18, "Because it's fallen considerably, so there is additional risk that short sellers will carry now. But after considering the fact that almost 38% open interest is added coupled with the price, I think there is more therefore unwinding to happen, people who have held it would probably sell and from that perspective I wouldn't like to catch this falling knife. There is no weakness in store but I wouldn't try and short the stock now."