Exit Max India around Rs 205-206: SP Tulsian

SP Tulsian, sptulsian.com advice investors to exit from Max India around Rs 205-206.

Tulsian told CNBC-TV18, “Max India is quite dull and boring. If you see the price behavior of last one year or so, I don’t think that we have really seen any kind of upmove.”
He further added, “Yesterday because of that Max New York stake sale of 26%, company having made a gain of about Rs 870-880 crore on the pre-tax level, we have seen some upside, but generally that is a mistake short-term traders or the investors they do, they enter at the upper end or whenever they see this kind of rally and then they struggle and hold to see the cost, I won’t be keeping a positive view on the stock. Yesterday also I have given my view that any rally above Rs 205-206 should be used as an exit opportunity.”