Moneycontrol
Oct 18, 2016 03:36 PM IST | Source: CNBC-TV18

Hold Havells India, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Havells India.

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Havells India's results are expected anytime, we had to see the results. Plus there is this news that the Sylvania which was a loss making business is getting sold, so just see how that changes the financials."

"Overall my sense is that this company is back on a pretty firm ground now once again and you are beginning to see that recovery in both volumes as well margins. So, it might make sense to stay invested even from a longer term perspective because all said and done if you are going to sell and try and identify another stock, we have seen such a huge run up in midcaps. It might just make sense if the results are good to stay put something that you bought at a very reasonable valuation in retrospect. So, just take a call post numbers, but my sense is that you should stay invested," she added.

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