Exit IRB Infra at around Rs 300-350: Nooresh Merani

According to Nooresh Merani, CEO at Analyse India, one may exit IRB Infrastructure Developers at around Rs 300-350.

Nooresh Merani, CEO at Analyse India told CNBC-TV18, "Technically we are looking at  IRB Infrastructure Developers to be in a good trend. Right now it is consolidating, so, one way to go about it would be keeping a trading stoploss somewhere closer to Rs 230-240 levels and any rise to Rs 300-350 in a spike should be used to get out of the stock because it is a very high volatile stock and we have seen huge movements over the last two years. So, at current levels one could keep a trailing stoploss and ride this trend."

The share touched its 52-week high Rs 275.50 and 52-week low Rs 68.90 on 08 July, 2014 and 10 September, 2013, respectively.

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