Stay invested in India Cements: Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "I think around Rs 90 level if I am not mistaken you began to see better set of numbers from India Cements and from there on the stock has just rally to this Rs 150-155 sort of level. Now the unfortunate thing is that again for cement as a sector two things have not really gone their way, one is obviously this quarter was bad, because of the fact that we saw very good monsoon in certain regions and that has meant that overall numbers for cement companies have looked weaker.""The other negative going forward for cement is going to be the fact that this is directly correlated to your GDP, so if you hear this kind of a talk where you are talking of a 2-3 percent cut in your GDP because of the recent demonetisation move then that simply means that cement is going to take that much longer to recover, because it will only recover when you see that pick up in infra etc.""I think you need to really at least give it another quarter and then take it from there, but I think this current level would be a very bad level to really exit the stock, so if one can make his/her views slightly longer term, I would recommend to stay invested," she said.