Investor should avoid it clearly and should not invest just because quality stocks have become very expensive, one shouldn't try one's hand in the bad quality stocks. In a chat with ET Now Parag Thakkar , Head-Institutional Sales, HDFC Securities, says in case of pharma stocks, go for gradual buy on dips . So same profit but while Cipla's market cap is Rs 38000 crore while Asian Paints market cap is 'Rs 95000 crore. : So my point is that that see auto component mid-cap companies you have a lot of good companies with good cash flows and they are all supplying to Tata Motors, Ashok Leyland , Maruti. Asian Paints right now market cap is around Rs 95,000 crore, FY16 PAT was around Rs 1590 crore.

Source: Economic Times June 13, 2016 06:01 UTC