Exit Tata Power on upside, says Arunesh Madan, Augment Investment.
Madan told CNBC-TV18, "Stay away from power sector as reasons that plague the sector couple of months back are still very much existence. There is a lot of uncertainty with respect to the coal linkages. Going forward I expect this sector to underperform."
He further added, "I expect Tata Power to be a market underperformer and I would advice the investors to exit from the stock in a pullback rally."
