Exit Man Industries on rallies, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "Man Industries has bounced back from Rs 45 and rallied towards Rs 125 till September last year but then it again started crashing down and it is now substantially lower back towards Rs 50 levels. I would suggest to definitely be out of the stock like this. So any pullback from here should be used as an exit opportunity because it doesn’t make sense to be with this stock that has been underperforming for almost eight years now and it is better to invest in something in stocks like probably Asian Paints, which has been doing exceptionally good, something like Ashok Leyland that has been outperforming the overall sell off that we have seen over the past few days and week.""So I think it is better to be with the largecaps and that too with the outperforming stocks rather than something like this that has been all over the places over past many years," he added.