Daily Calls: Hero MotoCorp, L&T top stock picks; analyst also likes Bharti Airtel, TVS Motor, M&M

Hero MotoCorp Ltd and Larsen & Toubro Ltd (L&T) are the top stock picks of Anshul Jain, Head of Research at Lakshmishree Investment & Securities, who believes investors should accumulate select large-cap stocks that have corrected from their record highs.

Speaking to BTTV, Jain said if he had to choose only two stocks at the current juncture, he would pick Hero MotoCorp and L&T.

"L&T has corrected significantly and looks attractive at current levels. It can gradually make its way back to record levels," he said.

Apart from L&T, Jain also finds Bharti Airtel Ltd appealing after its recent correction.

"L&T and Bharti Airtel have both seen meaningful declines. Between the two, I prefer L&T," he said.

The market expert also suggested investors look at other quality large-cap names such as TVS Motor Company and Mahindra & Mahindra (M&M).

According to Jain, the broader strategy should be to accumulate fundamentally strong large-cap stocks that have fallen more than 20 per cent from their all-time highs and hold them patiently.

"Any large-cap counter where the stock has corrected over 20 per cent from its all-time high deserves attention. Investors can accumulate such stocks gradually and consider booking profits when they revisit their previous highs," he said.

Among all the names he discussed, Jain singled out Hero MotoCorp as one of the most attractive opportunities in the current market.

"If I had to pick only two stocks today, my choices would be Hero MotoCorp and L&T," he reiterated.