Exit Religare Enterprises; get in Motilal Oswal: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Religare Enterprises is going bust, so whatever the other broking stocks might be doing this is not going up. So, you have to exit this and get into Edelweiss or Motilal Oswal etc. I don’t think this is going to move up in a hurry."

Religare Enterprises ended at Rs 60, down Rs 1.90, or 3.07 percent on the BSE.

The share touched its 52-week high Rs 272 and 52-week low Rs 34.25 on 21 December, 2016 and 28 September, 2017, respectively.

Currently, it is trading 77.94 percent below its 52-week high and 75.18 percent above its 52-week low.