Like Ruchira Papers, Dalmia Bharat, Sterlite Technologies, Quess Corp: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC_TV18, "I think people are trying to identify new opportunities everyday and that is a little bit worrying in fact because there are whole lot of variables especially for various sectors and various companies and I personally believe in playing a little bit safe and knowing that at least a 25-30 percent return is coming in next two to three quarters."

"I would go with sectors which are going to benefit and which are doing well. Example in paper sector we know for sure that the capacity is not picking up at all, there is no fresh capacity coming. For Ballarpur Industries two units have closed down. We continue to like name like Ruchira Papers. I think craft paper prices are gone up, writing paper prices are gone up and this is going to ultimately translate further and further improvement in earnings. We have a target of Rs 200 for Ruchira Paper, a stock which I have been going on repeating," he said.

"In cement, we continue to like Dalmia Bharat. I think the stock should be Rs 2,500 to Rs 3,000 according to me in the next three quarters. We are looking at earnings of around Rs 110 coming in 2017-2018." 

"Sterlite Technologies is the best stock to buy. A target of Rs 200 is on the cards over the next one year and I am giving this with clear cut disclosures over here." 

"Fourth is a new name which we have identified, name which is in HR-human resources, Quess Corp. With the acquisitions the company made over the last two quarters, I think this should ultimately translates into better earnings coming in 2017-2018. If we see a price of Rs 900-1,000 over the next two to three quarters honestly I will not be surprised. These are the four names we like."