Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "In Adani Power, there are little bit of positive newsflows today and overall we can think that perhaps power as a sector is now -- it does seem it is getting its attention and a lot of their problems are getting addressed. So there could be an upside from current levels but it is not my favourite sector.”
“I must say both for Adani Power as well as Lanco -- especially for Lanco, also given the fact that we are in such a vibrant market, it makes sense to be invested in companies where there is less leverage and there is a better business outlook because that is where you will see faster returns. So I would advise to get into some other stocks, other sectors as well as stocks where the balance sheet is cleaner and there is less leverage because those will still be the first stocks to move in this market,” she added.
“Pharmaceutical is a great space to be in. But even within the infrastructure space if you were to be in a stronger stock, maybe like Larsen and Toubro from the frontlines or Thermax or even maybe a stock in the road space like IL&FS Transport would do better,” she said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
