Buy MRF on dips: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "What we have seen on all these tyre stocks is that every time you see market going up, you have to see a rally in all the tyre stocks and this is inspite of the fact that a lot of the positives are now in the price whether it is to do with rubber prices, whether it is to do with the kind of demand that tyres are seeing, etc."

"However, the rally just does not seem to stop in tyre stocks. So I think if one does want to invest in MRF, which is probably in terms of valuations one of the best valuation plays within that sector then I think one needs to buy it, keep the fact in mind that start tracking the stock, see when it corrects, and start buying on those corrections."

"It is a stock I am okay with buying but I just think that given the kind of price rise that we have seen in MRF, you need to sort of stagger your buying and you need to buy it on dips," she said.