Mayuresh Joshi of Angel Broking in an interview with CNBC-TV18 shared his fundamental view on stocks.

Joshi said, "If one is holding on to UPL, then they can hold on. From near-term perspective, the debt levels may go up due to the acquisition, but then there would be synergies coming in from day one. The benefits from geographical locations for the company are also good. Earnings growth would likely come through, so long-term outlook remains robust."

With regards to Bajaj Auto, he said, "One would see a healthy product mix coming through over next few quarters. From long-term perspective, the export market would also hold up strong, but he would prefer to wait for declines to enter the stock."

Hero MotoCorp remains his preferred pick.

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