Prefer Aurobindo Pharma, Mindtree, SKS Micro: Dipan Mehta

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "At these levels or at corrections, we are looking at select pharmaceutical companies. Again, usual disclosure, we have investment recommendations in stocks like Aurobindo Pharma, Cadila Healthcare and Torrent Pharmaceuticals are the top three picks in pharmaceuticals. In midcap IT stocks like Tata Elxsi, Mindtree, to an extent Zensar Technologies, these three are looking quite interesting.""In the private sector banks or the non-banking financial sector (NBFC) space, there too stocks like SKS Microfinance, Bajaj Finance or Capital First. Select automobile companies also look interesting. We like stocks like SML Isuzu or for that matter, even Maruti Suzuki would be the big daddy in the business, which also looking quite attractive.""There are a whole basket of companies in industries that may not show that much growth on a industry basis. But these companies have a differentiated business model or in segments where there is growth although the industry is not growing as much. And that is where I think investors should get focused on and maybe they will still be able to generate returns which are far higher than the Sensex and Nifty returns."Disclosure: We recommended several stocks and spoke about two or three sectors and it is fair to assume that we as well as our clients are invested in those companies and sectors.