Mkt to remain soft; like Ashoka Buildcon, Sadbhav Engg: Experts

R Sreesankar, Head - Institutional Equities, Prabhudas Lilladher, Sudarshan Sukhani, s2analytics.com, Mayuresh Joshi of Angel Broking and Deepak Shenoy, ,Founder, Captalmind.in in an interview to CNBC-TV18 shared their views on the outlook for the market and stocks going forward.Sukhani and Joshi both believe that softness for the market is likely to continue for some more time. The market will still be watching the global factors and earnings’ trajectory. Sukhani says 7240 on the Nifty is likely to be tested and breached going forward. The Sensex was up 50.29 points or 0.2 percent at 24485.95 and the Nifty was up 13.70 points or 0.2 percent at 7436.15. About 1734 shares advanced, 929 shares declined, and 157 shares were unchanged.Reliance Industries, although not seen as taking leadership in the market is avmust in every portfolio believes Sukhani. One needs to be patient with the stock because it is definitely not going to under perform the Nifty. Joshi is very impressed by earnings trajectory and asset quality of LIC Housing Finance, adding that it is their favoured stock from the midcap space but he is not so upbeat on IDBI Bank and expects few more quarters of asset quality pain to continue. Sreesankar is bullish on both Ashoka Buildcon and Sadbhav Engineering over the long-term. He also likes Jubilant Life Sciences that offer great risk reward and has a target price of Rs 578 on it.VA Tech Wabag too is a long-term growth story and will generate good cash according to Sreesankar. He also likes logistic companies like VRL Logistics and AllCargo Logistics and expects both to show improvement in return on equity (ROE) and return on capital (ROC). For the entire interview, watch video