Buy L&T on correction, look at Tata Motors: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "I would still stick to some of the safer names at the moment, for example Larsen & Toubro would still be on my shopping list at the moment and I would still look for a reasonable price to buy. If it corrects further, then certainly it is a stock to buy.""Tata Motors has corrected quite a bit and it is much below the 52-week low, so I would be watching out for that particular company where the long-term prospect still continues to be good considering that apart from the Jaguar part of it, even the domestic recovery can somehow get reflected in the performance," he said."Tata Motors appears to be good and I would still look at some of the pharma names. Something like Glenmark Pharma really would look pretty good and interesting, Cipla would look pretty interesting from the current level, apart from the private banks like HDFC Bank and IndusInd Bank."