Avoid Moser Baer as it has become a penny stock: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com shares his views on various stocks.

ET Now: What is your call on Moser Baer?

Ashwani Gujral: This is a stock which has been killed. So from the lows, we will see sharp rallies but it needs to consolidate at these 20 levels to make any headway. It has become a penny stock. So, maximum on a good day if the midcap rally continues, it can go up to 30-32 but really it has gone off the radar. So when a stock declines 90%, it is best left alone.