Sell Jubilant Foods, says Aashish Tater

Sell Jubilant Food, says Aashish Tater of Fort Share Broking.

Tater told CNBC-TV18, "Sell Jubilant Foods. Looking at its PE multiple and the way retail people have actually entered this stock, I think the upside from this stock is almost protected and there could be a significant downside from current levels."
He further added, "The stock is hovering above 40 PE multiple and once the story of 30-40% jumps is over, the stock could crack down. Look at what happened to Educomp; the stock suddenly has fallen to drastic levels. We do not foresee a similar correction in dominoes but at current levels, one can avoid this stock."