Kingfisher Airlines as a stock is dead: CK Narayan

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now, gives his views on KFA.

ET Now: What is the call on Kingfisher Airlines?

CK Narayan: Kingfisher as a stock is dead and remains dead until it shows considerably more of signals on the charts for some amount of interest to return.

It had flared up from about 1920 levels to about 23-24 levels when hopeful people were trying to bottom fish in. This is certainly not one of the stocks where you should bottom fish. The stock is clearly not having any kind of strength on the charts. I do believe even at about Rs 20, it should be sold off.