Sell Hindustan Dorr-Oliver: CK Narayan

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, talks about Hindustan Dorr-Oliver.

While not a very heavily traded counter but people stuck in a position like Hindustan Dorr-Oliver, what would you advise?

We seem to have another 20-30% downside move because a support emerging only at around 42-43 levels if at all. The stock has actually broken all the levels of supports in the near term, so it is a stock, which needs to be dumped, that’s about it. Both Fundamentally and technically, it is clearly showing that there is more on the downside, ‘sell’ is the only word.