Look at DCB Bank, South Indian Bank: Anand Tandon

Anand Tandon, Market Expert told CNBC-TV18, "It depends on the construct of how you are looking at the market. We are seeing fresh money coming in from the domestics which automatically goes into midcap and smaller names. Whenever the foreigners buy that is when the large caps start to move. So, the real question is what is going to drive the market from here on? My fear is that what you have seen in Greece today is going to be hard sell for the Greece people and there may be some more hiccups before the deal is actually done. If that is true then you may find that the domestic will be the one that would continue to support it in which case the answer is that you should be looking at outside the index stocks. If the index were to crack from here all bets are off but assuming that nothing major changes as far as the market is concerned the number of names and the kind of names that have started to come in and start to move up is a much wider list than we have seen any time in the last 30-40 months. I think that is likely to continue as a trend. So, the short answer is look for stocks outside the index if you are willing to take that risk."

"It is difficult to mention the kind of names that are available but DCB Bank is doing quite well, though on valuation it is looking a little stretched. I think the likelihood is that it will grow, management is quite decent and so on. If you are looking for more banks, Federal Bank looks reasonably priced at this level and if you want to go down the curve in terms of finding those which are really cheap then probably South Indian Bank is another name that could possibly be looked at," he said.