Prefer Bharat Forge: Deepak Shenoy

Deepak Shenoy of Capitalmind told CNBC-TV18, "Bharat Forge is a multi-level play. You have the 'Make in India' which obviously will at some level impact companies like Bharat Forge. There is a defence play which Bharat Forge is getting into aggressively. There is also the fact that it is from September we have seen the stock nearly double, it was at Rs 600 and now it is nearly Rs 1,200 or Rs 1,150 level. So, there is a very strong momentum behind the stock and while one might call it highly valued the potential for growth in a very strong company like Bharat Forge is tremendous."

"If the story of India has to be bought, you would actually buy companies like Bharat Forge. MM Forging is a secondary investment in the same theme, it may not be as big as Bharat Forge, it is a much smaller stock but it also has a tremendous amount of momentum behind it," he added.