Top Diwali stock picks by R Sreeshankar

R Sreesankar of Prabhudas Lilladher told CNBC-TV18, "We like within the infrastructure space those companies who have got sufficient cash for their capex programmes and for implementing various asset owned projects. So, Ashoka Buildcon along with one or two other companies fits very well into it and they have also done their QIP and raised the capital whatever is required for their future expansion. So, I don't think that in this environment they will be working capital starved or there is going to be any problem. So, we like this company to that extent.""We also expect the PAT, CAGR to grow around 16 and 21 percent respectively over the next two years," he added."In the cement sector, JK Lakshmi Cement especially is one of the strongest companies that we believe in that particular sector should have a strong earnings growth. We have a price target of Rs 450 because its EV per tonne is extremely low at 70. So, the potential to increase that is quite high and that is where we think JK Lakshmi among the cement companies stands to gain much.""We like Tata Motors. Even whenTata Motors went to Rs 280 it was part of our top pick, still continues to be part of our top pick because we believe that JLR faces though a short term negative outlook but a strong product portfolio should ensure that those kind of short term negativesness will get over. Same is the story with Infosys. Multiple strategy initiatives from Sikka should start to see the benefit. HDFC Bank continues to report strong quarters."