Hold General Insurance Corporation of India: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "One can stick with General Insurance Corporation of India, precisely because of the interest in the insurance business and the fact that I think so far the interest has been in the life insurance part of the business. However, I think the other insurances, whether like a GIC, General Insurance and the other insurance plays, will also sort of get their due in years to come."

"I think at the IPO price it was quite evident that a lot of positives were priced in. If one is a long term, he/she could continue to hold it largely because I am positive on insurance as a business going forward," she said.