Sudarshan Sukhani of s2analytics.com recommends exiting IVRCL and advises shifting to ICICI Bank, Axis bank or HDFC Bank.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "At current levels IVRCL has nothing to recommend itself. I would be much more comfortable exiting this stock and going into financials. Financials as we have already seen will be the prime movers of the next bull market.So my recommendation is to shift to ICICI Bank, Axis Bank or HDFC Bank."
At 12:40 hrs IVRCL was quoting at Rs 13.03, up Rs 0.20, or 1.56 percent. It has touched an intraday high of Rs 13.15 and an intraday low of Rs 12.78.
The share touched its 52-week high Rs 48.20 and 52-week low Rs 9.80 on 07 December, 2012 and 28 August, 2013, respectively. Currently, it is trading 72.97 percent below its 52-week high and 32.96 percent above its 52-week low. Market capitalisation stands at Rs 399.87 crore.