Avoid NHPC: Vayalar

Manoj Murlidharan Vayalar, IIFL PReMIA is of the view that one should avoid NHPC.

Vayalar told CNBC-TV18, “There is a lot of shorting in National Hydroelectric Power Corporation (NHPC). Needless to say on the cash market if you see the delivery, the way it is being carnage. I think this is not a time where you should even think about your stock but if you that if the client has an holding, it is better to exit that because you never know till what level it can go. So NHPC would be a totally avoid and I would not recommend that at any point of time to the clients at least.”