Your stocks: Investment picks by market expert

Watch the interview of Gaurang Shah of Geojit BNP Paribas Fin Services who shared his readings and outlook on specific stocks and sector & Pankaj Mathpal of Optima Money Manager answered few personal finance queries.Below is the verbatim transcript of Gaurang Shah's interview with CNBC-TV18:

IT stocks HCL Technologies is one of the stocks that I could possibly identify which has recently been under severe pressure of price correction due to the guidance that the management has given and the numbers which actually unfolded were not so disappointing as per us. My advice is that move out from Cyient and in the IT space itself we believe HCL Tech gives a tremendous opportunity. We believe that price correction and of course the reaction on fall back of that profit warning is already there in the price right now and there is absolutely limited down side from here on. If I go by the commentary, and if I look at the kind of past performance that HCL Tech has delivered my sense is that there is tremendous amount of opportunity to get invested in HCL Tech. From a long-term perspective we have set aside a price of Rs 1,050. I think the kind of earning visibility that HCL Tech will throw up will give us incremental confidence in case if the numbers are much above our expectation to revise this target upwards in the future.Tata Motors and Ashok Leyland We had a positive coverage on Ashok Leyland and the stock is finding resistance at Rs 96. Now since the stocks has achieved the target price that we had set aside it is prudent on my part to advice to take money off the table. If one wants to buy something in the four-wheeler space and from a equally longer time horizon then my advice would be that instead of going in for Escorts on dips you could definitely look at something like Tata Motors or Tata Motors DVR. In case if you don’t want to go in for that you can look in for a different sector altogether that is Dish TV. We have a positive coverage over here. On Tata Motors shares we have set aside a target of somewhere close to about Rs 530 or 540. On DVR of Tata Motors we have set aside a target of about Rs 340-345. Incase if you want to buy Dish TV which is a different sector altogether DTH and the numbers are very impressing according to us. We have increased the target of Dish TV from earlier levels of Rs 110 to Rs 130.Voltas and L&T On Voltas we have set aside a target of about Rs 309 with one year time horizon and Larsen and Toubro (L&T) from Rs 1,440-1,450 odd levels rallied to about Rs 1,550-1,575. Over here again we have a long-term target of Rs 2,060. We are of an opinion that the initiatives taken by the government and of course the environment becoming more conducive for corporate India to go and invest in capex will definitely translate into lot of positive for a company like L&T which is one of the leaders in the capital good and engineering space. Also if you have to go by the statements made by the managements of having of certain noncore businesses and getting them listed as separate entity that might also create a value unlocking in proposition. So, if you are willing to buy L&T with a long-term horizon my advice is to please go ahead and buy.