Mahadevan told CNBC-TV18, "If you look at our top picks, we are still little bit more defensively positioned; ITC , Cipla are still there as top pick obviously these are consumer staple, pharma. On the banks we are little bit more adventurous and we really like ICICI Bank ; we think it's quite compelling even at current levels after this recent rally. We like Union Bank, which is a safer bet. In the IT space we prefer Infosys . So these five stocks will be top five out of the 90 odd stocks we cover."
Disclosure: Analyst doesn't have any personal holdings in the above stocks or sectors.
