Look at Sadbhav Engineering, SBI, Shriram Trans: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "There are two broad themes we would like to advocate. One is the investment revival theme and there, one particular sector which comes to mind is the road sector. Sadbhav Engineering and Ashoka Buildcon are the companies which are at the forefront in terms of the road sector to win some of tenders that will be coming out from NHAI and Ministry of Road Transport as well as the Public Works Departments (PWD) of various state governments. So in the medium-term perspective, in addition to Larsen & Toubro (L&T), which obviously is the beneficiary from multiple process industry revival, Sadbhav Engineering and Ashoka Buildcon are ones that one should look at."

"Cummins India also offers in our perspective a good medium-term entry point. The other theme I would like to look at is interest rate sensitives and there I think we believe that we the precipitous slide in crude prices, as also the fact that US interest rates revive increase will happen only towards the end of the calendar year if not in the first quarter of calendar year 2016 as urged by International Monetary Fund (IMF) and World Bank both to the US Fed. The two main concerns that Reserve Bank of India (RBI) Governor had flagged off out of the three, the third one of course is food inflation. We have to weigh out how inflation pan out, so our believe is that RBI Governor might be compelled to go in for lowering rates in case the food inflation also sort of turns out to be better," he said.

"Some of the banking sector names and financial companies like Shriram Transport Finance Corporation will be the beneficiary of improvement in HCV sales and banks like Axis Bank, YES Bank and in the public sector banks State Bank of India (SBI) along with HDFC Bank are what we would like investors to look at. In autos, Maruti Suzuki remains our preferred pick along with Motherson Sumi Systems and Bharat Forge on declines," he said.