As the festive season lifts consumer mood across , Siddharth Khemka, the Head of Retail Research at Motilal Oswal Financial Services, discussed his sectoral views with CNBC-TV18.

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He expects the Diwali and New Year sales to strengthen the real estate market. "Things look pretty good," he commented.

Khemka is bullish on two real estate companies – Godrej Properties and Macrotech Developers.

For Macrotech Developers, Khemka has a target price of ₹900.

On October 30, Abhishek Lodha, the MD and CEO of the listed real estate developer, which operates under the brand name Lodha, charted out the future direction of the company in a discussion with CNBC-TV18.

He said Macrotech (Lodha) is eyeing a spot among the top three real estate players in Pune by the end of this year. It also plans to

its first project in Bengaluru in November.

Khemka's other preferred bet is Godrej Properties, for which he has a ‘buy’ rating.

Also Read | Godrej Properties issued cancellation order for Navi Mumbai plots, files suit in response

However, Khemka is cautious about TVS Motor. He believes that the company's growth potential may be limited due to intense competition in the two-wheeler sector, with other companies trading at a significant discount.

"So while we are positive on the overall earnings and the growth trajectory, the valuation looks capped," he explained.

Consequently, TVS Motor received a neutral rating from him.

Also Read | TVS Motor Q2 results: Net profit jumps 32% to ₹537 crore, revenue at ₹8,145 crore

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 making any investment decisions.

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(Edited by : Shweta Mungre)