Pick Zee Entertainment, HDFC, Tata Power: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Market always gives us opportunity to get into good sectors, good stocks. I think with this type of volatility which is likely to continue for may be some more time I would look at very good quality management and good businesses which have good potential to grow in the next couple of months or may be year or two.""If I was to pick now I would pick up housing finance companies a largecap like HDFC even HDFC Bank in this space. In the financial sector space, I think housing is going to be a theme. It is a local consumer theme which is likely to play out in the next couple of years very strongly and I think these two would be well placed to benefit from the up-move.""In terms of other sectors slightly more in a midcap I would prefer something like a defence play and even media. These two sectors are likely to give us good opportunity. In defence play I would pick something like a Tata Power which I personally hold. Also I believe will give you an opportunity for entry both into the power space which is seeing good reforms taking place; likely to clean up balance sheets of state electricity boards (SEB). So, be positive for the sector overall and Tata Power is also getting its foot into the defence space. Which I think is a good move with a medium to long-term view," he added."Media I think is again benefiting a lot from the changes in terms of policy, we have the digitalisation that is moving on full stream. I think the stocks have consolidated and are likely to see the benefits of this change in policy in fact coming into their numbers – over the next one to two years. So, I would pick up stocks in the media space something like may be Zee Entertainment which I personally hold.""If you are looking at some other stocks in the media space in fact even your own channel TV18 Broadcast definitely has potential specially Reliance being your promoter and the Jio likely to be rolled out very soon. So, all these market give us opportunity to be a stock picker and pick up stocks with a medium to longer term view," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com