See 10-15% short-term gain in HCC, Punj Lloyd: Dilip Bhat

Dilip Bhat, Joint MD of Prabhudas Lilladher in an interview with CNBC-TV18 gave his readings and outlook for stocks across various sectors.

He see is bullish on Tata Motors and sees the stock to be defensively placed on the risk return basis. In the infrastructure space, Bhat is not too excited about Hindustan Construction and Punj Lloyd on longer-term basis. On short-term basis, these stock may give a 10-15% gain. Below is the verbatim transcript of his interview with Mitali Mukherjee and Udayan Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Tata Motors closed below Rs 1,000 yesterday, what is your outlook on the stock given the sharp 30% kind of correction we have seen in the last one month or so? A: As far as Tata Motors is concerned the way it has come down after the results, it looks more defensive from the current levels. I don