Keep HDFC in portfolio: Sharmila Joshi

Sharmila Joshi told CNBC-TV18, "HDFC’s numbers were subdued but that was pretty much expected. I actually wouldn’t view HDFC as just a housing finance company because when markets are good all their businesses will fire for them whether it is mutual fund, whether it is banking, whether it is insurance, so it will be a sum of parts business then to look at."

"Also what we must keep in mind is when you look at a stock like HDFC, it is not going to be like a stock that will move every month or every three months. But when you see the jumps they will be substantial and big. So these are actually portfolio stocks. It all depends if you are buying it with a trading perspective then sure yes may be you should switch and go to an LIC Housing Finance which is also a stock that I like. But if you are a longer term investor and you have bought it as a portfolio then definitely HDFC is a stock that needs to be there in a larger sense in your portfolio," she added.