Prefer Mahindra CIE over Inox Wind: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, "The entire sector does not look promising and if you have looked up on the last couple of quarters numbers from Inox Wind, it is a huge disaster and that is why that is reflecting in the stock price as well. It has seen a one-way drop."

"At these levels or pullback, if you want to make an alternative switch, I would say look at automotive components, original equipment manufacturer (OEM) segment, Mahindra CIE Automotive, there is a recent coverage that we have initiated on this particular stock with a target of somewhere close to about Rs 345 or so thereabouts," he said.