Nischal Maheshwari, CEO - Institutional Equities and Advisory, Centrum Broking, is recommending to buy Infosys as "it seems to be in an interesting spot as far as valuations are concerned".

Share Market Live

NSE

"We have been a bit cautious saying that keep on adding as the stock goes down because there may be a possibility that as the investigation goes through and if there is something damaging, you might find the stock a bit cheaper from here. So, add on every tick down,” said Maheshwari in an interview with CNBC-TV18.

Further sharing his views on the fundamentals of the market, Maheshwari recommended investors to continuously accumulate Asian Paints.

“We have a hold on the stock and we continue to say that we should add the stock. I think they have been continuously surprising us as far as volumes are concerned. I think margin also - there has been an uptick. So, it seems to be in a good spot,” he said.

Commenting on the disappointing numbers from RBL Bank, he said, “Even in the last quarter, they had given a guidance of around Rs 1,000 crore of gross non-performing asset (GNPA) and that number went up to Rs 1,800 crore. So there has been a bit of disappointment and that is why we are seeing this kind of a sell-off happening in RBL.”

On the auto sector, Maheshwari said, “We prefer two-wheelers. We have seen TVS coming out with good numbers, Bajaj Auto was also decent. So, two-wheeler is a space which is going to come out of this crisis first and thereafter it is going to be Maruti Suzuki.”

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.