Prefer JSW Steel, Hindalco Industries: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I would look at JSW Steel or preferably something from the aluminium space, like Hindalco Industries. Largely because I think the news development on the aluminium front seems to be more encouraging than the other metals. The other concern for me is that metals have had a huge rally in this last year. So from that perspective also, you need to be a little careful in terms of the fact that your waiting period now to make returns from these current prices could be longer. So you need to be a little sure that you are getting in at a descent price."

"So the other advice would obviously be to try and buy on dips like in the last week or so, we have seen a good correction on the entire metal basket, so that could have given you a good opportunity to enter. So wait for a correction like that before you enter and as I said I would prefer either a JSW Steel or a Hindalco to SAIL," she added.