Buy IGL, Tata Steel, HDFC Bank: Upendra Kulkarni

Upendra Kulkarni, ED at Fortress Financial Services, says Indian markets may take some time to stabilise in view of weakness seen globally. However, Mr Kulkarni says 7,400 will be a "very good level" to enter quality stocks in the index. (Watch)

STOCK TALK

Buy IGL: The Qatar agreement - under which India's biggest gas importer Petronet LNG will buy liquefied natural gas (LNG) from Qatar at virtually half the original cost - has given impetus to gas stocks. IGL, which is into the retail segment, is expected to be an outperformer in the segment.

Avoid GAIL: The company may not see so much impact of the Qatar development compared to other names in the space.

Buy Tata Steel: The metals sector will be watched closely this year. Tata Steel is expected to perform "extremely well" in times to come.

Buy Kotak Mahindra Bank, HDFC Bank: Both the lenders are expected to perform well among private banking names. Kotak Mahindra Bank and HDFC Bank appear to be better positioned in terms of asset quality compared to peers in the segment.