Sell Suzlon Energy, prefer Dish TV, DCB Bank: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "My first advice to all your viewer is especially small investors is to avoid the stocks which are highly leveraged. On the balance sheet debt side things look extremely precarious and the amount of debt some of these company have on the balance sheet is more than the market cap. So you need to be extremely careful. First of all you should avoid these kinds of companies.”

“On Suzlon Energy despite the fact that Dilip Sanghvi has come in, I don’t think the fortunes have turned around for Suzlon. I don’t understand the viability of a company or the kind of asset sale that they do to draw down their debt. It doesn’t make me understands as to how this company is going to function going forward from here. Incase if you are going to sell off all the viable assets to bring down the debt, what is your future going forward. So my advise is either at current level or may be on any kind of pullback that you see on Suzlon Energy you should lighten up your position, sell it,” he added.

“If you are looking at some of the broader market stocks in the midcap and smallcap category then in our view Dish TV, Ashok Leyland and DCB Bank are some of the few companies in the broader market which look extremely promising from return on investment point of view and also from quarter-on-quarter (QoQ) growth that these companies deliver.”

Disclosure: Analyst doesn't hold the above stock but the same recommendations could have gone through out clients.