Axis Bank, Mundra Port, Sterlite Tech good picks: Choksey

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Axis Bank, Mundra Port, Sterlite Tech good picks: Choksey

Axis Bank, Mundra Port and Sterlite Tech are good picks, says Deven Choksey, KRChoksey.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Deven Choksey See what other Experts & Brokerages are saying about Axis Bank See messages about Axis Bank

Axis Bank , Mundra Port and Sterlite Tech are good picks, says Deven Choksey, KRChoksey.

Choksey told CNBC-TV18, "Within infrastructure space I think we find companies like Mundra Port Trust, which owns the port at Mundra and in Australia for about port which are both profit making companies. So, I think we like infrastructure space, we like Mundra Port Trust kind of companies among their ownership."

He further added, "Within the banking space some of the private sector banks are looking much more convincing, companies like IndusInd Bank which also came out with good numbers and a good direction there after yesterday. At the same time I think companies like Axis Bank and ICICI Bank they are looking convincing for adding into the portfolio."

"Lot of midcap stocks which are available and have started correcting- appreciated now in last 7-10 days because of the follow up buying taking place. They are still looking quite convincing, companies like Sterlite Technologies, even for that matter Praj Industries , though they have moved up, I think in any correction one could probably buy into some of these stocks, so, more than sectors I would concentrate on selective stocks where we have larger amount of confidence about the business and going forward the performance of the company."