Sell Suzlon Energy, says Ashish Kyal

Ashish Kyal of wavesstrategy.com told CNBC-TV18, "Even last week, Suzlon Energy has been all over the places. It moved from Rs 9 to Rs 35-36. It then crashed back towards Rs 11, it then moved again towards Rs 28 and now it is again back to Rs 12. So I would suggest staying back with a stock that has been moving in this fashion is absolutely not a good investment. It is better to be moving out of a stock like this with such a high volatility and no clear direction, no clear trend and it has been also moving below its important moving averages."He further added, "It is better to stay out with Suzlon and invest in other largecap companies probably something like Tata Consultancy Services (TCS) or something like Asian Paints, Ashok Leyland. So any rallies towards the level of Rs 17-18 should be a good exit price and on the downside one can probably use Rs 11 as a very strict stoploss for the existing position."