Idea, Oil India good quality stocks: Gautam Sinha Roy

Gautam Sinha Roy of Motilal Oswal Securities told CNBC-TV18, “Our perspective comes from the fact that there is a lot of indecisiveness in the Indian market which is led by global macro which creates some degree of unpredictability. Other than that there is the event risk of the next Reserve Bank of India (RBI) policy meet on 17.”

He further added, “So, we will stick to stocks where we see some secular growth drivers as well as valuation upside. So, those would be Idea Cellular and Oil India because both of these stocks are very high quality stocks where we see secular growth drivers present.”
“Even, if there is a big downfall in the market we don’t see huge downside risk to these stocks. There is a lot of buying interest in both these counters. So, these would be the two stocks that we would advice investors to look at currently,” Sinha Roy said.