Sterlite can be looked at on decline: Ashwani Gujral, Market Strategist

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Sterlite.

What is your take on Sterlite?

Sterlite never really broke out. It is still in that range of 160 to about 190. So if it gets Rs 5 cheaper, you should look at buying it but certainly that is not the strongest non-ferrous stock. Overall, metal stocks - a lot of FPO stocks - should not be touched. But where there are not any other issues, they can be bought on declines. Even JSW Steel or Jindal Steel or Power can be bought at lower levels.