Buy MMTC below Rs 40, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "MMTC is an interesting PSU in the sense that it is a trading company and the kind of things that they are trading in is also interesting.""An OFS always drives the price lower and in any case if you look at the price trend over the last couple of months, it makes more sense to wait to buy the stock below Rs 40 level. Not much to recommend it fundamentally but it is an interesting play," she added.