Sell Orchid Chemicals: Joshi

Sharmila Joshi, Head of Equity, Peerless Securities Ltd. is of the view that one can sell Orchid Chemicals,

Joshi told CNBC-TV18, “For me Orchid Chemicals is a sell. This is one of those momentum kind of plays which really speaking is very difficult to predict which way the stock is going to move. So if you want a slightly more stable pharma play I would shift to Ipca Laboratories. That is a stock that I would be more comfortable owning in my portfolio. So I would really recommend an exit.”