Hold SAIL, says Sharmila Joshi

Hold SAIL, says Sharmila Joshi, Head of Equities, Fairwealth Securities.

Joshi told CNBC-TV18, "In SAIL you will have to wait and see at what price the FPO comes. The existing shareholder will get a discount to the prices that other retail investors get. So I think wait for the FPO and then either look to put in the FPO or see what is happening with the price at that point in time."
She further added, "I think a two year window is quite good enough and these are high beta plays and cyclical stocks so you do see them move. If you see a deep correction in market and you see sales significantly lower than the current price then maybe you can consider or else wait for the FPO. But I think one can hold on to SAIL."