Buy Amara Raja Batteries, BPCL, Cummins India: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "I would buy Amara Raja Batteries with a stop loss of Rs 860 and target of Rs 930. We have seen oil marketing companies at the start of the year and entire last year and the steam is still left. So one should again go long on Bharat Petroleum Corporation (BPCL) with a stop loss of Rs 632 and target of Rs 660."

"We have seen capital goods have some kind of momentum building it up. Cummins India is another pick, which we like with a stop loss of Rs 885 and target of Rs 970," he added.