TVS Motors is the second best investment idea in the two-wheeler universe, says Shah.
Eicher Motors should be accumulated on dips from a long-term perspective, said Gaurang Shah of Geojit Financial Services. He expects the company to grow across three verticals—Royal Enfield motorcycles, the CV segment, and its JV with Volvo.
The valuations of TVS Motors are a bit elevated, said Shah, but he is optimistic about the company's growth story. "Investors can buy the stock when it is closer to or below Rs 1,000 apiece from a long-term perspective," Shah said.
In the textile space, Raymond and Page Industries are the top picks, Shah said. "Raymond's linen products are a fantastic offering that is finding traction within the consumer base," he said. When it comes to Page Industries, good stocks come at a premium, he said. "Both the stocks are good buys from a long-term perspective."
Those planning on investing in the capital goods segment should have at least a 1.5–2 year horizon, since it takes longer to execute the order book, Shah said. Geojit Financial Services has positive coverage on Siemens, L&T, and ABB India.