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Exit Amtek Auto, says Nooresh Merani

Nooresh Merani of Analyse India suggests exiting Amtek Auto.

October 06, 2015 / 16:38 IST
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Nooresh Merani of Analyse India told CNBC-TV18, "If you are trading with Amtek Auto, it is like trading with fire. So, the first thing to do in such a stock which has been in such a downtrend is to get out of it. There are better opportunities with a lower risk. As well as the governance issues are known to the whole world now, so technically one should get out of the stock at any price at current levels also or even at dips. I would say exit the stock and look for other opportunities."Amtek Auto ended at Rs 46.25, up Rs 4.45, or 10.65 percent on the BSE.

first published: Oct 6, 2015 04:38 pm

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