Your stocks: Investment picks by market experts

In an interview to CNBC-TV18, Vishal Malkan of malkansview.com and Ashu Madan of Religare Securities shared their readings and outlook on specific stocks and sector.Below is the verbatim transcript of Vishal Malkan and Ashu Madan interview with CNBC-TV18:

Vishal Malkan of malkansview.com Aurobindo Pharma &  Glenmark Pharma told CNBC-TV18, "I see banking under pressure for the next couple of quarters and especially ICICI Bank – not that great on charts though of course, it is at support. But there is no momentum in the stock. So, I would recommend to switch to a pharmaceutical company like Aurobindo Pharma or Glenmark Pharma which is continuously performing on daily, weekly and monthly charts and showing no signs of downward movement and we have some more space in both the stocks at least 20-30 percent if the investors are ready to hold for the next 6-9 months.Reliance Industries Reliance Industries (RIL) being a non-performer in the last five-six years overall in a market, trading in the range between Rs 800 and Rs 1000. So definitely I would suggest to switch and get out of the stock and get into some momentum stocks and some of the value buying in terms of fundamentals as well as technical would be something like Tata Chemicals, Voltas or Ashok Leyland.  I don't see any momentum building up in RIL in the near future also.Sun Pharma Sun Pharmaceutical Industries has been trading into a very tight range between Rs 940 and Rs 840 in the last four-five weeks or six weeks and that would be a deciding factor which side breaks out and I would say it strongly suggests to keep a stoploss at Rs 840 because below which there will be a breakout on the downside which will lead to further decline and on the upside if it goes, Rs 940 would be a good level to exit and maybe one can see that price in the next two-three weeks.Mercator There is good consolidation going on in Mercator and some accumulation pattern has been seen with good volumes. So definitely a hold and an important support around Rs 21 levels, so that would be a good stoploss to keep and on the upside we can look at targets of around more than Rs 30 in next six-eight weeks.BEL Bharat Electronics (BEL) is a strong stock and has got a good performance in the last couple of years but on the medium-term trend it has gone on sideways between the range of Rs 1,350 and Rs 1,000 in the last six-eight months. Recently again it has picked up on daily chart with higher tops and higher bottom. So definitely a hold on this stock for the short-term and with a tight stoploss of around Rs 1,190 and we can look at targets of around Rs 1,350 in the next few weeks. Adani Power I think it is more of a trading call rather than an investment bet on Adani Power. Already we have seen a good move in the last couple of months. I think there would be some resistance coming up, so definitely an exit from this stock at these levels and of course going to stocks which are outperforming sector as well as stocks. Ashu Madan of Religare SecuritiesICICI Bank ICICI Bank is in line with the overall generic view. We have also kept our target on the positive side and this quarterly results have been generally good though there has been little increase in the NPLs, but restructured asset loan book has been a good positive surprise. So, overall, their net interest margins has also increased. So, everything put together, probably the stock is in line with the overall correction in the market. So, we might see in the times to come it has outperformed. So, certainly if somebody has that kind of a time horizon, certainly a hold from our side.TCS I would say good set of numbers from Tata Consultancy Services (TCS). Overall the sector would benefit. The currency tailwinds will continue to support the IT sector and TCS is one of the buys. So, I would say definitely hold this stock. If somebody who is not in need of money and already been invested since so long, I don’t see any reason whether to switching or to booking profits because certainly there is an upside available in the stock. So, one must hold for whatever time he/she wants to.IDFC IDFC is highly overbought stock. I think it has underperformed or badly performed post demerger. Everybody expecting that there would be wealth creation once the demerged entity will get listed. However, as of now the scenario does not look great. So, probably it is very difficult and in the next five to six days the banking arm would get listed but everyone was expecting it to be a much higher price but I think there has been a negative surprise. So, I think currently the stock would be challenged, will be under pressure and I don’t see any immediate up move for both the segments, both the things put together. As of now hold but I would certainly advice to get out of the stock and invest in some other because immediately I don’t see there would be any major spurt even if the market bounces back.Jindal Stainless Jindal Stainless - I would suggest by doing all this restructuring also at this particular level, I would not suggest to – if somebody wants to invest, why this particular stock. There are so many other stocks listed. Unless there is a specific reason to get into this stock, probably then one can buy at dips. Somebody who wants to invest in long-term should look for a story which can be a multi-bagger story but I don’t think so this stock is falling anywhere near to that bracket of multi-bagger or a bagger story. So, from my side it is an avoid. So, I would suggest to get into some other stock instead of getting into this.Power Space I still feel that power sector would continue to underperform. I don’t see any major spurt. It is only when there is a particular newsflow around some government action is expected. You tend to see some kind of movement in these power stocks but other than that, I don’t see - unless you have a specific reason, there are so many other stocks - the major returns could be expected from this stock. Transmission still is a better buy considering the fact that probably in our country the power situation will certainly increase and transmission would be a challenge, so it can give us a good upside but overall power as a theme I am still not gung-ho about that.