Prefer Axis Bank, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "On GM Breweries, if you look at the last two quarter numbers, they have been quite disappointing and we have seen de-growth actually speaking, both in terms of volumes, margins, profit as well as on the share price they have seen some serious cuts. If you are not hungry for more and keeping in mind the concerns of the earnings visibility, it would be prudent to make a shift to something like an maybe Axis Bank. Again, correction is there in this particular stock and we believe it is a great opportunity.""Specifically on GM Beverages, only purely looking at the financials, I would say it is a little bit of a concern though no specific coverage on this particular stock but prudent to make a shift," he said.