Sell Welspun Corp, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "In Welspun Corp one should take advantage of the fact that you have seen a nice recovery, sell it at a profit and maybe shift to a stock like an Arvind or something if one wants to stay in this sort of export and that kind of a textile retail sort of a play. Because I think in terms of valuations the stock is fairly valued at this point in time and it has really climbed that wall of worry, so you should just count yourself lucky and use this opportunity to exit the stock."

The share touched its 52-week high Rs 165.70 and 52-week low Rs 71.70 on 06 November, 2017 and 26 December, 2016, respectively.

Currently, it is trading 14.6 percent below its 52-week high and 97.35 percent above its 52-week low.