Sell SpiceJet and Sun TV: Prakash Diwan, Networth Stock Broking

In a chat with ET Now, Prakash Diwan, Head - Institutional Business, Networth Stock Broking, shares his stock ideas.

If the DMK loses today in the state elections, are SpiceJet and Sun TV automatic short sells?

Yes, people are already factoring that in and the DMK I do not think is on a very strong wicket in any case. There has been some erosion in values over the last many weeks in these stocks. I would still give the benefit of doubt to SpiceJet because the fundamentals possibly could be slightly divergent from the sentiment but Sun TV of course is distinctly a short at even this point of time.