Hold Ballarpur Industries, says Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "If the investors are absolutely clear in its timeframe that he/she is a long-term investor then these are times when you should really try and build your portfolios with at least seven to ten quality stocks. If your horizon is six months or probably one year, there are chances that you may see Ballarpur Industries (BILT) at Rs 20-22 odd levels. The current level is around Rs 16. So, if you try and hold on to the stock, because the weekly charts are showing some sort of a swing breakout on the indicators which is a good sign. So, if you can hold on for at least six months, there could be a chance you may see levels of Rs 20. Then you can take a call whether you want to book profits in that particular stock or look to reinvest or look to hold on to it from a longer-term perspective.""You should try and build your portfolio in some quality names. In banking HDFC Bank looks absolutely good from a long-term perspective, also Maruti Suzuki, many of these largecap names, even pharmaceutical names like Aurobindo Pharma and Dr Reddy's Laboratories; these are some very solid names which you should try and build your portfolio over the long-term," he added.