Prefer HDFC Bank, ICICI Bank, SBI, Sun Pharma: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "In these times when some of the frontlines also have given away, at these times it is better to acquire some of the better known frontline stocks-some of the private sector banks like HDFC Bank or whether it is ICICI Bank or Axis Bank and may be something like SBI but once again you should be ready for some kind of an ambush which can possibly happen over next 15 days to 20 days, that is not impossible.""If you are still talking about something like next September to December, some of these stocks in the private sector banks look good or something even in pharma space, something like Sun Pharmaceutical Industries or Lupin or Cipla probably would still qualify to have a look. Sun Pharma still qualifies as one of the stocks in spite of the fact that it has gone up. On a longer-term basis it can still give a good 20-25 percent returns from the current level," he said.