Avoid Talwalkars for now: CK Narayan

ET Now spoke to CK Narayan, President Treasury, Sharyans Resources, on Talwalkars.

What is the call on Talwalkars or any of the fitness related counters?

I do not think we have too many fitness related counters which are listed except maybe Talwalkars perhaps and it is not looking too rosy right now and the stock is just on a rally and it has actually got into a lower top lower bottom formation which clearly indicates that a kind of a downtrend has actually taken hold. So I would not really be an investor in this stock. It is trading at about 240-250 levels. I do not see much above 255-260. So if there are investors in this stock, they would be much better off actually bailing out. No entry barriers into this business, no loyalty in this business. Far too much problems, it is not a stock I would want to retain at the going levels.