“I would go with Reliance Industries Ltd (RIL). I feel that from this point on, RIL may give decent returns over the longer-term,” said Dipan Mehta, Director at Elixir Equities in an interview with CNBC-TV18.

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He believes that a marginal miss on earnings and some bit of over-expectation by the market is what led to a decline in RIL shares on Monday.

“Eventually the stock should recover lost ground over the next few trading sessions. I am not that pessimistic as far as RIL is concerned and I do expect that the stock will start performing well again. This is a deep correction and if you buy around these levels or so, you could expect decent returns over the next 2-3 years period,” he added.

According to Dipan, Hero MotoCorp is the best pick in the two-wheeler space. “I would go with Hero Motocorp at this point of time. Valuations are comfortable, return ratios are pretty much high, there is opportunity when it comes to export markets in some of the premium products, so that would be the best pick in the two-wheeler space,” he said.

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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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(Edited by : Santosh Nair)

First Published:Nov 3, 2020 10:11 AM IST