Among oil marketing companies, we prefer HPCL , said Parag Thakkar of HDFC Securities. The government is allowing marketing companies to increase prices of diesel. In an interview to ET Now , Thakkar said that good monsoon, Seventh Pay Commission hikes, and the passage of GST bill make him stay bullish on auto component stocks. I would just be very cautious and stock to good names, very good groups, where you can hold them with conviction, even if there is a price correction.We do not have coverage on NBFCs. Something like Carborundum , which is a supplier to auto and auto components, earnings are likely to grow at 30 per cent.

Source: Economic Times July 23, 2016 09:56 UTC