Your Stocks: What to buy in volatile market

Watch the interview of Shahina Mukadam, Market Expert who shared her readings and outlook on specific stocks and sector & Lovaii Nav-Lakhi of International Money Matters answered few personal finance queries. Below is the verbatim transcript of Shahina Mukadam's interview with CNBC-TV18:Bharti Airtel There could be a bit of volatility given that the fact that Bharti Airtel's results are to be expected today and the numbers are not really expected to be great. We are expecting something like a flattish topline and Africa market continues to drag on the earnings before interest, taxes, depreciation and amortization (EBITDA) and the profits. But, at the same time, I would suggest to the investors to continue holding. One can keep a stoploss at about Rs 409, but hold for a target of somewhere close to Rs 440 for the shorter term. I do believe that the company is trying a lot to bring down its debt which is a major problem and by exiting some of its Africa businesses, those will be the positive news triggers. Having said that, I think valuations on a enterprise value (EV)/EBITDA basis still remains pretty attractive. I remain positive on the telecom space with a medium to longer term view.Britannia IndustriesThe Britannia Industries' numbers were very good and the company is doing well on just about every front both in terms of its daily business as well as in biscuits. The stock has given a nice breakout in the last couple of weeks. I suggest that the investors should continue holding. In the near term this stock can easily touch the target of about Rs 3,250 but keep a stoploss of about Rs 2,900 and in fact use lower levels to buy it.Stocks If one is looking at largecap good quality stocks over the next three to five year period, I would suggest something like a Maruti Suzuki which looks good for the shorter term, medium-term as well as longer term given the prospects and the improvement in its overall business in term of volumes. Even if one would like to look at the midcap segment, in the auto space itself, one of my preferred stocks is Ashok Leyland, where I do believe being a turnaround stock, the appreciation over the next three to five years could be higher given that the company is doing very well in terms of volume growth as well as the balance sheet quality has improved substantially. I personally also hold Ashok Leyland.Another stock in the midcap space, if one is looking at the pharma space, he/she can look at something like Fortis Healthcare which is looking both technically good for the shorter term as well as in terms of business prospects. It is growing fast, balance sheet quality has improved. In the same space, in the largecap, one can look at something like maybe a Lupin which has corrected and look to enter in a decline. One can start with the higher quality stocks, largecap stocks first and then shift to midcap and build the portfolio over a period of time.