Exit Adani Power above Rs 50, says Sanjeev Agarwal

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management told CNBC-TV18, "In next two-three days, this market will stabilise at lower levels and there should be another rise. So one can actually wait for that pullback in Adani Power and exit somewhere around Rs 50-55. I don't think one should wait for a breakeven. Somewhere above Rs 50 is a very good price to get out."

 At 15:00 hrs Adani Power was quoting at Rs 41.00, down Rs 0.70, or 1.68 percent. It has touched an intraday high of Rs 43.35 and an intraday low of Rs 40.00.
The share touched its 52-week high Rs 70.00 and 52-week low Rs 36.80 on 20 December, 2012 and 30 August, 2012, respectively. Currently, it is trading 41.43 percent below its 52-week high and 11.41 percent above its 52-week low. Market capitalisation stands at Rs 11,774.88 crore. Also Read: CCEA allows power cos to pass imported coal cost, stocks up