Stay away from Opto Circuit: SP Tulsian

SP Tulsian of sptulsian.com advises to stay away from Opto Circuit or one can sell it at current levels.

Tulsian told CNBC-TV18, “It is better to remain away from Jain Irrigation and IVRCL. Even if you want to trade it has to be on short side. One can add the name like Opto Circuit also in this category, because they are all high-beta stocks and generally the trend has been very weak.”
He further added, “Whenever we see the upmove that happens largely either because of the weak hands taking the position thinking that they have bottomed out or maybe some informed circles which are facing this margin call pressures and all kind of negatives attached thereto. I will advise either to remain away and even if you want to play it has to be on short side.”