Buy Pidilite Ind, bullish on Kotak Bank: Parag Thakkar

Parag Thakkar of HDFC Securities told CNBC-TV18, "I prefer safer stocks, for example Power Grid or Cipla or Pidilite Industries. Pidilite for that matter definitely is linked to economy in terms of both in terms of construction sector and export sector. As major portion of its revenues are linked to these two sectors, right now as we all know both are under stress. The point is that it is during this stressed times only you get a blue-chip companies with very limited competition and strong pricing power and excellent EBITDA margins cheaper. It is an innovative company I always call it 3M of India. So it is a good company to buy on dips in such uncertain times."

"Kotak Mahindra Bank seems to be the bank which is least exposed to whatever is going on in the banking sector on the corporate side. The valuations have also cracked significantly. I would like to bottom fish in something like Bank of Baroda (BoB) where even in the last quarter they had taken a large hit on one of the corporate account plus there is a new management. So, I would be bullish on Kotak Bank in private sector space and BoB in PSU banks space and on the smaller private sector banks side Federal Bank and City Union Bank," he added.