Look at Bharat Forge, Cummins India: Taher Badshah

Taher Badshah of Motilal Oswal AMC told CNBC-TV18, "We have stuck to our positions in Bharat Forge and Cummins and both these names actually had very good quarters in the previous quarter gone by that is the June quarter and there have been certain specific reasons for which both these companies have not performed in this quarter. We all know that in case of Bharat Forge one part of the business in oil and gas has contributed substantially to depressing a lot of the overall result and in the case of the Cummins India we have also seen that the export growth has not really been as strong as what it was in the previous quarter.""So there are essentially quarterly aberrations which are still underway in some of these companies but broadly they still remain reasonably strong from the point of view of the overall worth of the franchise and we believe the ability to come back over the next two three quarters and be beneficiaries of the larger improvement and the manufacturing cycle is still intact. So, they still remain the best quality companies around in terms of a more medium to long term investment perspective and therefore in fact probably we have tried to use some of these decline as opportunities to bite a little more into some of these names," he added.