Hold Manali Petrochemicals, may move to Rs 40: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Manali Petrochemicals seems to be a very slow moving sort of stock to be invested in. But at the same time, if you were to look at the stock just on its own per se, then at this valuation it sort of makes sense to hold because you can see the stock rally up Rs 39-40 kind of levels."

"There is an opportunity loss when you stay invested in a stock like this which is going to be slow to move because I do not really see it going up to Rs 40 in a hurry. But Rs 40 would be the level that I would look at," she added.