Exit Jai Corp on rally: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Jai Corp is one of the favourite stocks during bull runs and again a traders' favourite stock at that point of time. However, if you look at the operational performance, the profit after tax (PAT) growth was around 10 percent and the sales growth was around 2.5 percent."

"The stock is moving up more or less to do with the kind of Mumbai SEZ land that it posses. Out of around 5,250 acres for its Mumbai SEZ project, it has got around 4,125 acres. However, the kind of businesses it is into apart from SEZ, plastics, engineering, textiles somewhere the operational efficiencies are not getting indicated through the cash flows and obviously the P&L account. So one can possibly look at exiting the stock on rallies and look at some counters like IRB Infrastructure, Motherson Sumi or even something like ICICI Bank from the private banking space," he added.