Mar 16, 2017 04:02 PM IST | Source: CNBC-TV18

Stay invested in Vedanta: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in Vedanta with long term view.

 

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Vedanta is a difficult sort of a question largely because we have seen such a huge rally in most of the metal play. That said, a lot of these stocks are also reacting to sort of the global outlook on commodities which you do your reports from China, etc. which seem to lead to some amount of correction or some pricing here and there. However, by and large, we seem to be on a sort of an up cycle for these kind of commodities."

"If the investor had a slightly longer term sort of view, I would say it is a hold. From a fundamental perspective a lot of positives are getting priced in which would mean that you would have to hold for a longer term if one wanted to make money from here," she added.

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