Exit Maxwell Industries, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I don’t think one should accumulate Maxwell Industries. My recommendation would be that if there is a bounce now, we can see the stock has now bounced a bit, textile stocks have bounced a bit. In this bounce one should take this opportunity and exit. We saw the last quarter numbers -- they have reported a loss and with the Chinese market still being bad, at least for the next six months there is likely to continue to be problems in the textile sector which this company is in.""It is finding some problem in terms of both topline as well as profitability, there was a loss. So I think one should get out of this stock as of now. I think Rs 36-37 is a type of level it may see in this rally. So maybe one should look to get out of this stock, and look at another sector," she added.