Exit Jaiprakash Associates, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "You need to sell Jaiprakash Associates largely because the minute a stock goes under Rs 10, it really goes off a lot of parameters as far as investment goes. So, it is best to really book out and get away from this one.""There is no taking away from the fact that in spite of all their efforts, this company continues to be a very leveraged company and maybe it could recover from these levels. But they will be selling at every level whether it is from the time it crosses a level of Rs 20-22 from which point people have been thinking this could bounce back to Rs 40, Rs 80, Rs 100 levels that it has traded at in the past.""So, the upward journey is going to be a very long and arduous one even if there is an upward journey. So, it is best to really exit the stock and buy something else where balance sheets are not so leveraged," she said.