Pick Mahindra Lifespace, Oriental Hotels: Rajen Shah

Rajen Shah of Tradebulls Group told CNBC-TV18, "Mahindra Lifespace which is doing well, which we had recommended on the day of Budget, talking about government going all out for affordable housing. I think that sector has been given infrastructure status. In fact on this Sunday the Prime Minister’s office also had a meeting with 30 builders across the country on how to make affordable housing a big success."

"Both the government and the private sector can get together to make this a big hit. So, I think affordable housing is one space which we believe should do very well. Mahindra Lifespace is our bet over there. Even at the current price of Rs 410 which is ex-rights actually, the stock is looking attractive." 

"Then we have hotel industry which I think should do very well. There is a company called Oriental Hotels which is trading at about Rs 38. You have about 50 percent clear upside. This company is trading at a market cap of Rs 700 crore and the value of one of its properties Taj Coromandel which is at Chennai is about Rs 750 crore. You are getting the rest 9 hotels which it is managing out of India for absolutely free. Plus they have Rs 65 crore of investment in St. James' Court Hotel property which is near the Buckingham Palace in London. So, there are plenty of ideas, market is flooded with opportunities right now," he added.