There is under-performance against the Nifty in this case also, by over 5% hence you may get out of this for time being. Its CMP is 260/- against 308/- on 28/02/12 while the Nifty is has lost 150 points since then.
P.S. You may also make an exception in this case and carry the stock for up to next result/advice as its otherwise a strong stock for long term holders. It has reacted to budget adversely to a greater extent than it should have.