Ajay Parmar of Emkay Global Financial Services is bullish on Havells India and Kajaria Ceramics from the midcap space.
He said, "Sylvania will be a turning point for Havells. This is a consumption story available at 11 times FY13 EPS. So I believe the fortunes of Sylvania will definitely benefit the shareholders of Havells. In the next one-two quarters you might see some sort of upgrades in the earnings because of Sylvania." "Kajaria has got very good dealer network. It is got a good brand. Based on that we believe the growth is at least 25-30% in PAT in the next two years. This is a consumption story available 7 times FY13 EPS. We expect almost Rs 115-120 in next one year," he added. Below is the verbatim transcript of his interview with Mitali Mukherjee and Udayan Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Havells India has been a big mover in the market. What is you take on this stock? A: Havells India is a leading electronic and power distribution equipment manufacturer with a turnover of almost Rs 5,800 crore. ItDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
