Hold Power Grid, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "Power Grid Corporation of India has really done nothing for a longer time and just recently we have seeing this up move. Given that and given the fact that numbers are still due, you should just stay, put another 5-10 percent from current levels is possible."

"The longer-term picture of the stock will not be clear unless we see a clearer picture emerge for power as a sector, so that the caveat really because if the numbers are good may be you could see the stock go up or move that’s what the price and movement of the stock seems to be suggesting, so definitely stay put," she added.