In an interview to CNBC-TV18, Dilip Bhat, joint MD at Prabhudas Lilladher, shared his reading and outlook on specific stocks and sectors.
On Reliance Industries, he said the stock is something where all expect that it is going to scale newer highs probably over next 6 to 12 months.
"We all know that the petrochemical section is doing well and the telecom section has conveniently managed to disrupt the entire players. The real challenge always with Reliance Industries is, they are yet to make good money in a consumer-centric business," Bhat said.
"Having said that Reliance looks pretty good from the current levels, very reasonable valuations," he added.
On IndusInd Bank, Bhat said, "It still remains a very preferred pick for us. The last one year has been chequered with so many events that have really happened for them. Overall, looking at the NIMs, looking at the corporate banking growth as well as the retail growth, I think IndusInd Bank really looks pretty strong."
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.