Buy Infosys with a target of Rs 1,180; hold Asian Paints, HUL: Daljeet Singh Kohli, IndiaNivesh Ltd

In an interview with ET Now, Daljeet Singh Kohli, Head of Research, IndiaNivesh Ltd, shares his stock recommendations. Excerpts:

ET Now: A slew of numbers on Tuesday, which is the one that you are watching out for the most?

Daljeet Singh Kohli: We have a buy rating on Infosys. This is a stock where you need to have conviction for longer time. If you believe that management is going to deliver in probably one, one-and-a-half years' time, then you should be with the stock. It does not matter if for one quarter, they can do numbers in line with the expectation or not. One quarter number will not be very important, but longer-term direction will be important. Infosys, we have a buy with a target of Rs 1,180.

In Idea's case, we are bullish. We believe that they are doing the right things. Their data packages are picking up well. Thus, they will be able to do data revenues better. There, we have a buy rating with a target of Rs 227.

I am not that bullish on Asian Paints because I believe that decorative paints have not grown so much. Additionally, you mentioned about the 6 per cent to 7 per cent volume growth. The market is upbeat because it believes there will be margin expansion on cheaper crude. But crude does not have too much of an impact on the decorative paints side. Therefore, that kind of margin expansion will not be there. Therefore, we have a hold on Asian Paints.

We need to watch Unilever, on which we again have a hold rating.