Will go for stocks like Bajaj Finserv, Max India at lower levels: Gaurang Shah, Geojit BNP Paribas Financial Services

In a chat with ET Now, Gaurang Shah, VP, Geojit BNP Paribas Financial Services, talks about the Insurance Bill.

ET Now: The Insurance Bill did not happen today; stocks are already showing that. Reliance Capital is down now to the lowest point of the day. The others have reacted too. Would you buy into this fall because if not today, in three days down the line, you will see some action on the Insurance Bill?

Gaurang Shah: Not Reliance Capital, because in the entire ADAG pack if we do have some positive coverage, it is restricted to Reliance Infrastructure.

But yes, will will perhaps look at names like Max India and Bajaj Finserv. We would look at them on correction. A lot will depend on in what form the Bill comes through. But yes, given a choice, we would definitely prefer Bajaj Finserv and Max India at lower levels.