M&M, RIL are the pick among large cap stocks: Sajiv Dhawan, JV Capital Services

In a chat with ET Now, Sajiv Dhawan, Managing Director, JV Capital Services, shares his views on large cap stocks.

ET Now: What will qualify as your number one large cap idea for the year 2012 considering a leeway of 12 months?

Sajiv Dhawan: We have liked the outlook of Mahindra & Mahindra as a stock. We mentioned in the past and at 650-660 levels we are getting a decent company at a good price with a lot of bad news factored in. So, that would be a stock which can easily have a 20% to 30% upside moves when sentiment improves. Apart from that Reliance around the 700 levels would be a decent stock to get into again.