Avoid Crompton Greaves: SBI Cap

Avoid Crompton Greaves, says Sanjay Vaid, Sr Vice President and Co-Head of Equities, SBI Cap.

Vaid told CNBC-TV18, "In case there is certain negative news, it takes some time for Crompton to settle down and clarity to emerge. So going forward at least I think for one quarter these kinds of stocks under performs the entire markets. In that sense I think it would be better that we avoid, let the hay settle down and then do the stock picking."