Welspun Corp has already surged 150% in six months, but is the rally over yet? Motilal Oswal's Siddhartha Khemka, who heads retail research at the firm, explains why he remains positive on the stock — and why he also sees significant upside in Aditya Infotech. Motilal Oswal is one of India's established financial services and broking firms, so its retail research desk's stock views draw attention from individual investors.

Welspun Corp, part of the diversified Welspun Group and listed on India's BSE and NSE, is one of the world's largest manufacturers of large-diameter steel pipes — the kind used in oil and gas transmission pipelines and water infrastructure projects — serving customers across global markets. The 150% gain recorded over the past six months forms the backdrop to the discussion of the stock's prospects.

Aditya Infotech is the parent company of CP Plus, a well-known security and surveillance solutions brand in India that supplies CCTV cameras and allied products for residential, commercial and public installations. That places the two picks in very different corners of the market — industrial steel pipes on one side and electronic security systems on the other.

In the segment on CNBC-TV18, an Indian business news channel, Khemka sets out his reasoning for both positions, including the target prices he assigns to the two stocks. The full discussion is available on CNBC-TV18's website.

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Source: CNBC-TV18