Mehraboon Irani negative on power sector

Mehraboon Irani, Principal and Head - Private Client Group Business, Nirmal Bang Securities is negative on the power sector.

Irani told CNBC-TV18, "We have been negative on the entire power sector and any company related to power is a clear cut no. As far as Crompton Greaves goes - honestly were very negative on the stock. These results have gone even below our expectations which were possibly lower than the general consensus. But I think I would not rule out the price between Rs 170 to 200 for Crompton Greaves because Crompton Greaves as of now has got some problems. The management is trying to address it. It