Sell Shringar Cinemas: Gaurang Shah

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Sell Shringar Cinemas: Gaurang Shah

Gaurang Shah of Geojit Financial Services is of the view that one can sell Shringar Cinemas at current levels.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gaurang Shah See what other Experts & Brokerages are saying about Fame India See messages about Fame India Fame India BSE | NSE 28/05/12 Are Mutual Funds betting on Fame India?

Gaurang Shah of Geojit Financial Services is of the view that one can sell Shringar Cinemas  at current levels.

Shah told CNBC-TV18, "Shringar Cinemas operates 11 properties and 39 screens, going forward  they are planning to increase the numbers a lot. But I would definitely not look at Shringar right now. The stock had been on the sidelines for quite sometime and recently there is a spike up. If you are looking for an entertainment or print media I would definitely recommend something like HT Media or a Deccan Chronicle over here or maybe something a smaller scrip like Zee News, which looks a bit attractive but a sell call on Shringar Cinema right now."