Neeraj Deewan of Quantum Securities is of the view that one may look at Rural Electrification Corporation, Power Finance Corporation, Motherson Sumi and JK Tyre.
Neeraj Deewan of Quantum Securities told CNBC-TV18, "We prefer buying when the market is correcting. There will be financial stocks like Rural Electrification Corporation (REC) and Power Finance Corporation (PFC), even the housing finance companies like Indiabulls Housing Finance or Can Fin Homes and the LIC Housing Finance. Then there are defence companies like Bharat Electronics Limited (BEL) and Transport Corporation of India (TCI) or Gateway Distriparks."
"Even auto ancillary like Motherson Sumi and JK Tyre are good companies, they have proved their cash flows and their earning potential. So once you have a correction then on the dips these are the companies I will be looking at. There are even companies like CARE Rating which has to be rated going ahead, so that has good opportunity, they already have
decent margins. So all these companies are under our coverage. We have a recommendation on these companies. So there is a disclaimer that there will be direct interest in these companies," he said.
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