Prefer IT, pharma stocks: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "In pharmaceuticals you could go with Lupin or you could go with Sun Pharma. If you are talking of IT, I like Tech Mahindra, within the midcap space I like Persistent Systems at this time. So you could look at one of those two stocks and so on and so forth. So that the basket that you have is representative of everything that is happening in the economy and which is expected to benefit over the next couple of years. So from that point of view, finance, pharmaceuticals and IT should find place in that portfolio."

At 14:58 hrs Persistent Systems was quoting at Rs 1,841.70, up Rs 1.45, or 0.08 percent on the BSE.

The share touched its 52-week high Rs 1,921.65 and 52-week low Rs 990 on 02 January, 2015 and 19 May, 2014, respectively.