Accumulate RComm at lower levels: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "If one were to see the intentions of Reliance Communication's management of trying to reduce the debt and trying to hive off the assets, I think the direction is certainly right. How far they will go that remains to be seen. I think the performance is nothing really which is inspiring anybody to rush and invest into the company.""At the current level, I think some of the steps which the company is taking right now and hopefully those steps will continue in terms of reduction of debt, that direction will continue. So, taking that into account one should accumulate Reliance Communications at the lower levels," he said."Within the midcap space we like Allcargo Logistics which has a good scope to go up. We also like VRL Logistics," he added."I think some of the pharma names will still continue to be on the priority. At 52-week low even Larsen & Toubro which probably has recovered from the 52-week low, I think that certainly is a stock which one can really acquire slightly on a longer term basis.""In the frontline, I would really go for something like TCS though it has come down and may be it has some more scope for it to come down from these levels. However, on a longer term basis these couple of stocks would look very interesting to buy and add it to your portfolio.""Alkem Laboratories has a good history and it is a big company. I think the kind of products that they are having at the moment does inspire a lot of confidence, the past track record and it certainly looks like that even for next couple of years one can expect at least 18-20 percent growth in the bottomline from whatever I have read and understood. So, I think Alkem really looks pretty interesting from the current level."