Prefer ICICI Bank at around Rs 950: Ajay Srivastava

Ajay Srivastava, CEO at Dimensions Consulting told CNBC-TV18, "We have our investment at this point in Tata Motors . We have started to nibble into Larsen and Toubro (L&T) at this point of time."

"We haven't gone into the banking space by and large, we were investors in ICICI Bank. But it came back to Rs 950 or so, we will come back to invest in ICICI Bank because I think the value gap is tremendous in that company sometime or the other, the value gap is going to be breached giving us 40-50 percent returns. So these three stocks are what we are looking at," he added.

" M&M  - we are watching carefully as to how the performance pans out in the two-wheeler space and so on and at some point, we may come back to it. Rest of the stocks I think we are giving a go, buy at this point of time because they are either very richly valued or in a space that we don't want to invest in."

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