Pick Escorts on declines, says Gaurang Shah

Gaurang Shah of Geojit Fin Services told CNBC-TV18, "Escorts has been one of the great outperformers in the auto pack and in terms of the recent numbers, they were far exceedingly better than what the estimates were and more importantly the export numbers for Escorts has been tremendously well. So my sense is that markets have come down, stock is trading at somewhere around Rs 610."

"If you have a long-term view, definitely continue to hold on to it and if you get a bad day and the stock dips somewhere close to about Rs 575 or thereabouts, you can definitely add more," he added.