Prefer power companies, says Ajay Srivastava

Ajay Srivastava, CEO at Dimension Consulting told CNBC-TV18, "I think there will be a clean up of PSU banks in the next six months. Lot of the muck is going to come out in the balance sheets. We have already seen four forensic audits.”

He further added, “If you are a long term investor power companies will give you 20-30 percent annualised return by any measure. Their valuation has come down off late but we would tend to believe that things like Tata Power and Indiabulls Power are going to come back and give you proper values over the longer term."