Sell Monnet Ispat on rally: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "Looking at the kind of downtrend in Monnet Ispat for the last three years from Rs 400-450 levels, I still feel that any correction or any rally is probably a sell into rally. So my suggestion is, hold it for a trading perspective, probably have a target of Rs 85-90 if the horizon is six months or one year, re-look investments probably six months later if the stock touches Rs 80-85 levels, there you can probably book profits or then probably change the timeframe to one year or more."

"At this point in time it is difficult to predict for the next two-three years for Monnet Ispat," he added.