Sell VIP Ind with a stop of 162: CK Narayan

CK Narayan, Growth Avenues Asset Advisors in an interview to ET Now gives his take on VIP Ind

What is your recommendation on VIP?

VIP has been under some bit of pressure. There were press reports of larger players exiting from the stock. This stock seems to be keeping up the downward pressure.

Wait for a small pullback to about 156 to 158, that would be the range to sell the stock, keep a stop around 162 and look for lower target at about 149 to 150.