Sell MTNL on rally: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET Now, gives his call on MTNL


ET Now: What is the call on MTNL?

At this point in time the stock has basically moved up on news and the overhead supply pressure remains on this counter and recently it saw a high of Rs 3570 and it is unlikely to cross that in a hurry because this stock has been a huge market underperformer and a 5% move in the market would probably take it up another 2%. I would say sell on rallies.