Sharmila Joshi of Asit C Mehta advocates that IFCI and India Cements are brilliant stocks, and investors can make quick gains once they invest in both at lower levels.

Joshi told, "IFCI and India Cements are buys and one of the reasons why IFCI corrected sharply was the fact that you suddenly had this news item that they would maybe reconsider their stand of selling the stake at all and the whole down turn that one saw was because of that because the results have been strong and the stock has been buzzing on back of this news. If it resurfaces and if gets confirmed then there is a good upside to IFCI."

“India Cements is a stock that I like and given the kind of numbers they have had, a very strong quarter performance from them and going ahead once the negative news flow we had got lifted, we saw all cement stocks reacting and the kind of valuations you are getting India cements at makes a strong case for it, so both are buys and perhaps I would like both equally,” she added.

She is of the view that IFCI can touch Rs 62-65 and structurally it’s safe, it needs a break out somewhere around Rs 57-58 and it can go up to around Rs 62-65 levels.