Prefer UltraTech Cement, says KR Bharat

KR Bharat of Advent Advisors told CNBC-TV18, "I would certainly go for stocks like UltraTech Cement. What I would try and do at this stage is try and load up on midcap stocks, which are low on leverage and which have actually made sort of sensible acquisitions. This will be buying out distressed assets at great prices and increase market share in the process."

"If you could sort of tick those three boxes then those are the only midcap stocks I would add at this point in time. I think if my view is correct then the markets are going to be choppy with a negative bias over the next 9 months. That is the only kind of midcap stock that will give you a positive return because the FIIs are buyers, that is the only kind of investor we have today. FII buyers will continue to be in favour of the large caps, the highly liquid stocks," he added.