Hold Escorts, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "There were lot of concerns when Escorts was in that Rs 100-200 kind of range when they were going through a whole process of restructuring etc. Now I think they are done, now they are getting the numbers. Now we are seeing some more interesting developments happening within that entire commercial vehicle (CV) and electric buses etc. space that they are in."

"If one is a long term investor there is really no reason to exit the stock when the entire sector as such is sort of has been doing well for the last year and seems to be on a decent track for the coming year as well," she added.