Gautam Trivedi bullish on M&M, Infosys

Gautam Trivedi of Religare Capital Markets told CNBC-TV18, "Among the large caps we still like some of the banking names which have underperformed like ICICI Bank. We still like the IndusInd Bank and YES Bank, so we will continue to put money into those. Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) also look interesting from a valuation perspective. So that is what we would like in the financials space."

"Mahindra and Mahindra (M&M) in the auto space is a stock we like a lot and if you look at the performance of the stock especially during election years, the stock has done extremely well. We did a survey and found that in a pre-election year, M&M six months prior to the election on an average rallied almost 36 percent and post the election for the next three months after that has rallied another 20 percent. So we are very bullish on this name," he added. "Within the IT space, we continue to recommend Tech Mahindra, Infosys and lot of these stocks. European companies have actually turned the corner significantly and a lot of that has been due to the fact that they have gone to an aggressive cost cutting mode. The cost cutting includes increased outsourcing on their IT spend and you will start to notice big wins from Indian IT companies in Europe as well, so that is something to focus on and companies that have exposure to Europe or are building out in Europe will stand to gain. So we remain pretty strong and committed to the IT space even now."