Here are a few stock ideas from Prakash Diwan

In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sector.Below is the verbatim transcript of Prakash Diwan's interview to Latha Venkatesh, Sonia Shenoy & Anuj Singhal.Sonia: Talk a bit about Tata Motors' August Jaguar Land Rover wholesale numbers because there is a bit of a bother here because the growth has slowed down to about 28 percent and the numbers have been declining for two months now. Would it concern you or would the dip be a buying opportunity?A: It depends on what you want to play Tata Motors with. Is it a complete global play or is it an aggregation of convergence of an improvement in domestic sales as well as some of the newer geographies that they are doing. Yes, the US has been a bit tepid but what seems happening is that the Jaguar component of their product mix is taking off much faster than Land Rover and in UK, as I had mentioned last time; the Jaguar sales have started growing after nine years at a much faster pace than Land Rover sales contribute, so the Jaguar XE, the F-PACE sports utility vehicle (SUV), which is a part of Jaguar stable, all those things will start seeing a little bit of realignment or a reset for Tata Motors globally. So it's still buying on dips. It continues to be on a very firm footing given the softness in the pound as well. However, Tata Motors has had a run which makes people believe that probably the good thing is priced in or the good times are over but I believe it has just pause a bit; it could resume a very firm trend from here on.Anuj: Do you have the same conviction for banking stocks. If they fall today, would you buy them?A: Not really. One of the key milestones that I am going to be watching now is State Bank of India (SBI) finally; the first bank that is coming up with dollar denominated Additional Tier 1 (AT1) issuance. The additional tier one capital which SBI is able to garner from the international market, will put a benchmark of sorts in terms of how the global markets are viewing bank bonds and the health of the banking system after all the cleanup that has happened. However, my sense is that they would, given the volatility in the bond market in the last couple of days; we could see banking stocks lose a bit of a flavour for some time. I would wait for September end results to see whether there has been improvement. The improvement is not just one-off in the last quarter that the likes of SBI have demonstrated. So I would wait for September numbers. However, Punjab National Bank (PNB) to me is one of the stocks that I would buy if it were to be available at lower level for other reasons which are more domestic but I would wait for September numbers to get into the banking stocks at these elevated levels.For entire interview, watch accompanying videos.