Hold Asian Paints, MRF: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "MRF and Asian Paints are absolute bluechips. I think Asian Paints has a great story going for it with crude prices coming off and that obviously means positive things for them from a bottomline perspective, but that is a story that has been playing out for the last couple of years. However, everything, I think there are leaders in their space, their marker share, etc. so a great stock to have in your portfolio and I don’t see any concern. So, that is a definite hold."

"One just needs to continue to keep holding on to both Asian Paints and MRF," she added.

"Largely because of the way the entire telecom space has become so very competitive with the entry of Jio into the space, and the fact that it is no longer the sector that it used to be seven or eight years ago. I don’t think that while there could be an upside to Bharti Airtel from current level, that would not be my preferred sector. So, I would really completely avoid telecom as a sector and that was my thought process that I want to get into a sector which could join the rally, going ahead I would probably maybe look at pharmaceutical or even an IT stock over telecom play."