Avoid A2Z Maintenance advises Sharmila Joshi

Sharmila Joshi of Perrless Securities advised avoiding A2Z Maintenance and Engineering Services.

Joshi told CNBC-TV18, “It is unfortunate that at one point in time A2Z Maintenance and Engineering Services looked like a good stock to be in. But the recent past, the last month has kind of proven how shaky things can get for a lot of these midcap stocks.”

“Even this stock if you look at it, 20 percent up on two days while 13 percent down again today. So, it is certainly not the kind of stock that I would like to be invested in. So, my clear recommendation would be to just cut your losses and get into better quality names where you have better earnings as well as better valuation,” Joshi added.