Prefer Jain Irrigation Systems, UPL, Advanta: Deven Choksey

Deven Choksey, CEO of KR Choksey Shares & Securities told CNBC-TV18, "There are many companies which one could consider within the financial space. Private sector banks could be a better choice. YES Bank and IndusInd Bank could probably be the winner of the new Reserve Bank of India (RBI) policy of allowing the pay banks."

"So to a greater extent they have the technology available with them and if they end up creating a frontend model which could be different from compared to others, they would be ahead of the others. In such situations private sector banks like IndusInd Bank and even ICICI Bank, Axis Bank and HDFC Bank remain positive on this particular development. I would think that this is one area which one could concentrate," he said.

"Within the midcap space in the agriculture portfolio Jain Irrigation Systems along with UPL and Advanta could be considered from investor point of view. Such few stocks which one could consider adding into the portfolio, there are host of other stocks but I would say that these are the few stocks where we are reasonably more confident. Along with that if you want to still consider couple of more companies like LIC Housing Finance and Rural Electrification Corporation (REC), they could also be remaining in the positive list given the growth traction from their business environment."

Disclosure: Analyst has research coverage on the above stocks and he may have investment portfolio in these companies and at the same time his clients may also have the positions built into this company based on their recommendations from time to time.