Sell Crompton Greaves on rallies, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I would advise to exit Crompton Greaves on rallies. We are seeing a bit of an up move in the stock largely because they sold the international business and this has been perceived as a positive. So, may be if market also sustains and you see a little bit of momentum sort of in midcap play you could see levels of Rs 155-156 thereabouts you should start exit the stock.""Even the domestic de-merger that we have been talking off that has also sort of been postponed and so that has also sort of gone against the stock. My sense is that it is not entered into a zone where it will keep trading within that range whether I think the upper side of the range could be may be Rs 175-180 and the lower side could be may be closer to the low that we saw at the start of this year. So, I think that it is best to really exit the stock on rallies and to invest in some other sectors or stock altogether," she said.