Be with stocks where there is less controversy: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about GTL twins.

What is the call on GTL twins?

If half the market cap is gone, maybe it was overdone but people probably would have strong reasons because nobody sells like this senselessly. You need the stock to probably make some base at some point and only then consider buying it. It looks likely that something will happen on Mauritius front and all of these shell companies are likely to get the brunt of it, particularly telecom and telecom related type of plays.

Till the mud clears up out here, you should try to be with stocks where there is less controversy because these stocks can probably stabilise at anytime. I do not think you would like to enter even after a 50% type decline because if regulations change, these guys would be in trouble.