Prefer Shakti Pumps, M&M Financials Services: Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "I would look at the segment of pumps which has been one of the most coveted for reason other than just irrigation. It is an ideal combination where rural spends and irrigation spends combined themselves. A good monsoon always keeps ability for people to buy these kinds of capital equipments. So, two companies from that perspective are Shakti Pumps which is most of the well researched companies. This company is also benefiting from a fact that they have finally got into a largest segment of solar pumps which is a big break through and it is no more a niche. It is developing faster than their conventional stainless steel pumps." "Mahindra & Mahindra Financials Services is going to be benefiting so much from this whole rural spend the monsoon come back. We have actually seen this stock come down almost to its low levels of underownership and stuff like that. That is going to change dramatically, so look at these two stocks, they could probably be the biggest beneficiaries in the next three months," he added.