Buy Coal India, a quality asset: Ajay Srivastava

Ajay Srivastava, CEO of Dimensions Consulting told CNBC-TV18, "Sun Pharma is a given. It's a good buy. I would still buy Coal India because pricing parity-wise they are still way off globally. It's a quality asset, it’s a quality company, and it has got huge cash reserves. So, whenever they get to a petroleum company kind of a pass through environment, they will perform well."

He further added, "For Tata Motors, demand is collapsing here, but globally they are doing better so it's a trade off call. I would not put my money there. IndusInd Bank is priced quite highly. It would had got a run up of 25 percent last year and the verdict is out whether they will continue to do 25 percent. I would not believe that the price will go up another 25 percent, so, I would stay clear of it. However, Coal India is a quality asset, we should definitely buy it. Sun Pharma, if you have it, keep it going.