Shardul Kulkarni of Angel Broking suggests that it is best to move out of Jain Irrigation and move into much more stable business, which is banking. In the banking space, one can prefer Axis Bank on any decline.
Shardul Kulkarni of Angel Broking told CNBC-TV18, “Jain Irrigation has significantly underperformed the market in the last two years. So, one should exit as soon as possible. At this price of the market if one has two-three year perspective then look at specific stock in the banking space. It is best to move out and move into much more stable business, which is banking.”
He further added, “I would suggest Axis Bank at current price or on any decline because we are of the view as a brokerage house that banking should do quite well over the next couple of years.”