Buy Power Grid, Tata Motors DVR, JSW Energy: Yogesh Mehta

Yogesh Mehta of Motilal Oswal told CNBC-TV18, "Power Grid is a buy from the power sector. It is near to its lifetime high of Rs 209. Once it crosses that, one should buy with a stop loss of Rs 201 and target could be in the range of Rs 220-222."

"Another one is Tata Motors DVR. The stock has fallen from Rs 293 in last three to four sessions; Rs 266-267 is the mid-February level where it has made a double bottom and today also it has taken support there. So, keeping Rs 265 as a stop loss, which is very near to the current market price, one can buy and target could be Rs 282-285 range. So, that is the target one should look at," he added.

"Third stock we are looking at is JSW Energy. The stock is really trading in between the range of Rs 63 and Rs 67 level. So, considering that advantage on the support side, and positive sector outlook and as Rs 62-61 stop loss for the near term target could be in the range of Rs 72-75."