Sell Ackruti at current levels: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd. in an interview with ET Now talks about Ackruti.

A quick word on Ackruti?

In my view if you see that 56 page SEBI order they have done a lot of homework and the kind of data which has been given I do not think so in the near future the company is going to get any respite.

If we take example of Ackruti again, this is a company where they have raised money via QIP so a lot of institutional investors are also a part of this company. They will also like to exit from this company because it has got a bit tainted. At the same time from investors side also there is no appetite for real estate pack per se. So in my view still a lot fall is expected in this stock. Sell from side even from current levels.