Hold Orbit Corporation, says Sharmila Joshi

Hold Orbit Corporation, says Investment Advisor, Sharmila Joshi.

Joshi told CNBC-TV18, "The whole real estate pack has seen a bit of a run up and I think for that on Orbit Corp there would be a further upside from these levels as well, so I would really say a hold. We have seen all the real estate companies based in Mumbai do well and this is one of them and they have also have had a QIP issue and this will be used largely to retire part of their debt and also to fund some of the new redevelopment projects in South Mumbai. So from that perspective its okay because I think that even if you are diluting equity on one hand you are getting some offset in the gains in the interest costs that you will save, so from my side it’s a hold at this level.”