Hold Texmaco: Ashish Maheshwari

In a chat with ET Now, Ashish Maheshwari, Director, Globe Capital Market Ltd., shares his views on the outlook of Texmaco.

For somebody who had Texmaco, what does he/she do now? Do they sell the stock or do they keep the stock?

I do not think at this level it makes a lot of sense to exit from the stock but if you see fundamentally the company, the major valuation was of railway engineering or this railway wagon manufacturing business and post de-merger if investors are not going to get the stock, then really it is a cheating with the investors in my view. But at these levels, I do not think it is advisable to sell. Just remain invested for some more time and see how the tide takes turn.