Exit IVRCL, says Ambareesh Baliga

Ambareesh Baliga of Edelweiss Securities advises exiting IVRCL.

Ambareesh Baliga of Edelweiss Securities told CNBC-TV18, "One may book out from stocks which went up three-four times in last two-three months. I am not saying you should be booking out of  L&T but a stock like  IVRCL which we have seen being a multi bagger is a great time to book out of such stocks."

At 11:54 hrs IVRCL was quoting at Rs 26.65, down Rs 0.40, or 1.48 percent.

The share touched its 52-week high Rs 30.75 and 52-week low Rs 9.80 on 22 May, 2014 and 31 January, 2014, respectively.

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