Prefer DHFL, M&M: Nischal Maheshwari

Nischal Maheshwari - Head - Research at Edelweiss Capital told CNBC-TV18, "Dewan Housing Finance is available pretty cheap, 1.2-1.3 times, there is JK Lakshmi Cement also. Then you have in the large caps, Mahindra and Mahindra where there is huge amount of underperformance and I believe once the new vehicles are out there is going to be huge outperformance happening on Mahindra and Mahindra. So these are some of the stocks basically which we like."

"In ITC there has been a huge underperformance. Last quarter results have been a bit disappointing but I believe once the Budget is out of the way ITC should perform pretty well from here," he said.