Exit Rane Madras, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "If one gets a rally, one should probably book out from Rane Madras because the numbers have been disappointing. If you see on a consolidated basis, while revenues are decent, profitability is declining."

"I think on a higher base, this is likely to continue for another quarter or two. I think they are impacted in terms of cost with their expansion that they have done, acquisition in the international market and that is affecting their numbers and it is a relatively higher debt company in the overall Rane Group type of stocks," she added.