Buy UltraTech Cement, says Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "On the largecap side, Hero Motocorp ever since the numbers came out, I was impressed with the margin growth that they have clocked and with actual consumption kicking off with this 7th Pay Commission money in the banks of people these are the companies that I would chase." "Same way look at Procter & Gamble (P&G) from the FMCG space, it has great margin, again leadership that is kind of only got stronger in these tough times. So, all of these companies do warrant attention. You have to buy them, may be nibble into them on those days, Friday and Thursday of last week were great. However, you need a lot of conviction and discipline to do that," he said."Even in market like yesterday, even if it is kind of gone up, I don’t mind because I know finally there is distinct bounce back which could take these things higher. So, we are buyers in UltraTech Cement. We also have for that matter Adani Ports which has come with good numbers and it has got beaten down for no major reason at all.""You look at company like Asahi India; I don’t think it is disturbed in this entire turmoil that we have seen. It has kind of rock steady. You look at Pricol which is again a company that kind of doesn’t get disturbed and I would still buy it if technically on a bad sentiment day you get it at great valuations." "You look at company like even Bharat Forge to that extent. Very clearly it has not necessarily just for the auto side but the North American market it would kind of given some sort of a momentum. So, it distinctly is happening to companies which have strong business model.""If you go a bit lower into the smaller names you would have Suprajit Engineering again post consolidation, post merger numbers look positive, this growth which is phenomenal even in these types. There are lots of companies but you have to buy them at those values, those levels that which otherwise you don’t get."