Stay invested in TCS, says Sharmila Joshi

Sharmila Joshi of sharmilajoshi.com told CNBC-TV18, "First of all since the results are in the evening it makes sense to listen to the numbers before you buy further in Tata Consultancy Services (TCS). So, let the results come."

"If you already have this stock, definitely continue to hold it. It is very difficult to say where the company will be 15 years down the line, but as far as new investments go, it might be therefore a better idea to look for a stock which is as cheaply valued as TCS was at its IPO time. So, it might be well worth your effort to try and spend some time in identifying a new sector simply because I don’t think that IT is going to give you the kind of growth that -- if you had it for 15 years you know, at one point in time every quarter their revenues used to double. So, from that phase you have gone to a scenario where you are expecting a sort of a flattish EBIT this time around simply because the companies have grown into such a large size. So, definitely hold on to what you have but I think that if you are looking at a next 10-15 years, try and identify a new growth sort of a sector or stock."

"At this point in time midcaps have rallied so fast and so furiously that it is very difficult to really stick your neck out and make a single recommendation. However, there are a whole host of ideas there, a lot of midcap stocks which -- for instance lately I have recommended Sundram Fasteners, Bharat Forge -- Bharat Forge is sort of emerging out of like a troubled six-eight months because of this whole North America trucks issue. So, you can take your pick, but I would recommend that the new investment should be somewhere else," she added.