Prefer Bata India, Colgate Palmolive: Yogesh Radke

Yogesh Radke, head of quantitative research at Edelweiss Securities told CNBC-TV18, "There are promoter MNC companies, which want to increase their stake to 75 percent level, which is the mandated maximum limit and second basket is the stock where we have seen offer-for-sale (OFS) has been done in past because of the Securities and Exchange Board of India (SEBI) mandate of bringing the promoter holding below 75 percent. Those stocks or those companies coming out with a delisting offer."

"The good companies where the promoter holding is less are like Bata India, Colgate Palmolive, Cummins India, Nestle India; these are companies which you should have in your portfolios. They are good companies on valuation basis, you need to check what valuations you want to enter into but having these stocks in your portfolio may give some additional special situational gains with any additional equity raisings, by the promoters," he added.