Exit DB Realty: Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management is of the view that one should exit DB Realty at around Rs 100.

Agarwal told CNBC-TV18, "DB Realty had given a very clear sell signal below Rs 120 and it had crashed to around Rs 80 but this had been based on the news of 2G scam. Again it was coming in a limelight. Unitech and both had opened with a down gap and crashed badly. However, despite all that negative news it can bounce back to Rs 100. Investing for long-term doesn’t make sense in this kind of a company and for a short-term Rs 100 is an ideal level to exit. Like if best newsflow comes in somewhere in the next one month or two, like if they are able to get out of this negative news flow might be it can go up to Rs 120 but I will advice around Rs 100 one should exit.”