Prefer ICICI Bank, Cummins, Sun Pharma: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "First of all, I think it is great that people are looking at the market with that 5-10 year perspective, because to my mind, it is always good to really develop a portfolio with that kind of a timeframe. One could go with banks, banking as a sector is in trouble right now. You see most of the banks trading at one time or closer to that kind of a valuation on their book value. So, private banks might be a little bit more expensive, but at the end of the day, I would prefer a private bank over a PSU bank at this point in time. So, maybe anICICI Bank or anHDFC Bank."She further added, "IT should be part of your portfolio. I would go with anHCL Technologies or aTech Mahindra, largely because in terms of the price point that they are available at and the valuations. Tech Mahindra for instance has had a little bit of a patchy quarter, I would expect that going ahead you could get a better return on your money from here.""Pharmaceuticals should be another sector that you should include. Again, a sector which is going through a lot of problems, so you require that kind of a 5-10 year timeframe to make serious money from current levels. I likeSun Pharmaceutical Industries there.""It also makes sense to have some slightly midcap or ideas from that kind of space. I ideally would like to go either with an auto ancillary or even with maybe like a two-wheeler likeTVS Motor or go with a fast-moving consumer goods (FMCG) name like Dabur or something which has come down now but which has had a rock solid performance over the last 4-5 years and typically stocks that would reward investors well going ahead. So, by that I mean stocks likeCummins or something like that.""So, whether it is something from a consumption space or as I said, Cummins, something like that is what I would go with. So, you could really pick and choose your stocks, but the idea should be to go with 4-5 stocks at least, and then hopefully add to them as you go along," she said.