Sell MMTC on rally: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should sell MMTC on rally.

Sukhani told CNBC-TV18, “Not only has MMTC fallen over the last three months, it has also broken below the Rs 430 lows that it made about two years ago. So all in all, it’s a dismal picture. My advice would be that wait patiently now for some kind of a rally in the stock whenever it comes. I don’t know when it will come. If a rally comes, if you can see Rs 400 plus, get out of it - that’s the best suggestion. If you sell now, you are selling at the lows of this stock, or the lifetime low literally - that’s not a good place to sell. It is a government company after all. So now, weight but you have to exit this stock sooner or later, just wait for a rally to get out.”