Prefer Sintex Plastic over Sintex Industries: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I would actually shift out from Sintex Industries to Sintex Plastics. I think a bounce looks imminent, but if I was holding for a longer term I would prefer to be in the plastic business."

At 15:20 hrs Sintex Industries was quoting at Rs 23.35, up Rs 0.50, or 2.19 percent.

The share touched its 52-week high Rs 121.30 and 52-week low Rs 17.75 on 17 May, 2017 and 25 May, 2017, respectively.

Currently, it is trading 80.75 percent below its 52-week high and 31.55 percent above its 52-week low.