Buy ICICI Bank, Axis Bank; bullish on Tata Motors: Sudip Bandhopadhyay

Sudip Bandhopadhyay, Market Expert told CNBC-TV18, "As far as banking is concerned, we are taking a little contrarian view. We are recommending a buy in Axis Bank and ICICI Bank. This quarter may be challenging, Axis Bank is coming with results today. ICICI Bank comes later in the week. It may be a bit challenging but they are ending their cycle of bad asset quality and things like that. Things are going to improve from hereon and we are betting that the investor should enter into these beaten down stocks now."

"On the automobile, we are bullish on Tata Motors. We believe the China JV and the Jaguar F-Pace model will help Tata Motors to scale newer highs. Of course we have watch the commercial vehicle demand scenario in India," he said.