Sell Siemens, says Nooresh Merani

Sell Siemens, says Nooresh Merani of AMSEC Research.

Merani told CNBC-TV18, "Sell Siemens, although the stock has been very sideways over the last few months post the buyback done at Rs 900 plus levels. If you look at the current stage it was making multiple bottoms in the range of Rs 825-830. I would expect the stock to hit Rs 750-780 in extreme short-term. One can keep a strict stop loss of Rs 860 for the trade. My intraday target for the stock is Rs 805."