Prefer ICICI Bank, Tata Motors: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "It is very prudent to know the sector in which you are investing and if your view is short-term, then you should definitely avoid telecom or cellular service provider sector because that particular sector is going to be under the weather for some time till the pricing power comes back. Hopefully, from April 1, when Reliance Jio goes commercial in terms of billing their subscriber base, hopefully, the pricing power will come back sooner rather than later."He further added, "On Bharti Airtel, purely from a year and half-two year kind of a time horizon, we have a hold on Bharti Airtel or even buy on dips. From a short-term point of view, if the investor is going to exit from here, I would say go into private sector banking, something like an ICICI Bank on fall back of the numbers that we have seen so far especially the last quarter gone by, we are quite optimistic that there is a turnaround in the offing. And possibly in the next fiscal, if not the next quarter, you are going to see a significant amount of turnaround.""From current level where the ICICI Bank stock is trading, your downside looks extremely protected. So if you want to book out, book out from Bharti Airtel and make a switch. ICICI Bank would be a preferred choice or Tata Motors which has also corrected on fall back of disappointing third quarter numbers and a lot of downgrades as well, we remain positive on Tata Motors, both shares as well as Tata Motors DVR," he added.