Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One should stay with Indiabulls Power. It is probably trading at its lows. It is very unlikely to go down further. So now there is no sense at getting out at the lows of the bear market or the down trend. It is in a down trend, it is an underperformer."
At 12:05 hrs Indiabulls Power was quoting at Rs 9.02, up Rs 0.02, or 0.22 percent. It has touched an intraday high of Rs 9.15 and an intraday low of Rs 8.80.
Disclosure: I don’t have position in the stock.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!