Oct 18, 2016 03:37 PM IST | Source: CNBC-TV18

Sell Reliance Power, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com advises exiting Reliance Power.

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Given the nature of the market and where we are at this point in time, it might be a good idea to switch from Reliance Power. More because of the fact that power sector still requires a lot of things to happen, to fall into place before their issues are really addressed completely and in the mean time, you have this whole rally which has started in midcaps and we are seeing a lot of midcaps report fairly decent numbers."

"You had DHFL yesterday which had a very decent set of numbers. DCB Bank reported decent set of numbers. So, it makes sense to actually just switch to something where earnings are already on a good trajectory and you have better expectation going ahead rather than staying with a sector that is going to continue to be a bit of a drag. So, from that perspective, for me, Reliance Power is a switch," she added.

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