Query Trends : Mundra Port

Query:I am holding Mundra Port shares received under IPO allotment,inview of recent development about the objection raised by Dept of Finance as to its SEZ should we sell out the script or continue holding? Nirmal Chand Golecha

Thebullishtrends: Mundra Port share price closed yesterday at Rs.1033. Mundra port SEZ status has been rejected by Ministry of Finance though it was accepted by the Attorney General of India. This is the political problem. Due to this the company share price has lost Rs.52 in yesterday. This downfall may continue due to Investors are starts selling. We advise you to sell at current levels and enter in low levels. As this scrip is possible to touch Rs.900 level in near term.