Buy Yes Bank, Amara Raja, Godrej Industries, Voltas: Rahul Shah

Rahul Shah, Associate VP, Equity Advisory GRP  at Motilal Oswal told CNBC-TV18, "Financials have been in a front seat for quite some time and private banks continue to do well. My favourite in that is Yes Bank. We saw some kind of correction a week before, again we are seeing some kind of strength getting back into the stock. So we saw some long positions added in Yes Bank. Technically also the stock has given a good breakout. So I would go long on Yes Bank with a stop loss of Rs 1,480 and target of Rs 1,575."

"Second pick is Amara Raja Batteries. This stock after consolidating again is starting up moving upwards. So I would go long in Amara Raja Batteries with stop loss of Rs 862 and target of Rs 925," he said.

"Third is Godrej Industries, we have seen this stock again hitting 52-week high. The stock is showing a lot of strength in it. So in the near -term unless it does not break Rs 605 longs will not be unwinded. So with that stop loss one can go long with a target of Rs 645," he added.

"In consumer space, we have seen Voltas nearly at all-time high hovering around those levels. If the stock breaks Rs 485 , we will see some kind of long positions getting unwinded but looking at the current scenario, the stock can go to Rs 530 or so, keep a stop loss of Rs 484."