Stay invested in PNB, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "We can definitely continue to hold Punjab National Bank (PNB). We just saw the results a while earlier, and there does seem to be improvement. They have come back in the black. I think the slippage number that is just flattened that is possibly a bit of a negative which is why we have seen the stock come off a bit. However, that notwithstanding, overall if you look at the numbers and the kind of improvement they have made in recovery, it is very heartening."

"It augurs well for the banking space as a whole because you have seen -- some of the borrowers are sort of similar cutting across PSU banks. So, definitely I think the way the stock has recovered over these last couple of quarters, and given the kind of numbers we have had today, it seems to suggest that the stock is a good hold," she said.