Exit Adani Power: Tater

Aashish Tater, Head of Research, Fortunewizard.com is of the view that one should exit Adani Power even at current level. On the upside, the stock can touch Rs 50-52.

Tater told CNBC-TV18, "Adani Power news that has hit the bourses has got nothing to do because it will have a challenge and Haryana government has already gone and challenged the court. So, what will happen is again the shift will be on the fundamental aspects and we are negative to neutral on this particular stock. In fact last time the stock was around Rs 57-58 we suggested that Rs 50-52 is max that the stock can see on upside. So, the better strategy would be that one should be exiting this particular stock even at current levels.