Bodke upbeat on Shree Cements, JK Bank, Bharat Electronics

Ajay Bodke of Prabhudas Lilladher Private Limited is upbeat on Shree Cements, Jammu and Kashmir Bank, Bharat Electronics.
 
Bodke told CNBC-TV18, “On the midcap front the scrips that we are recommending essentially is Shree Cements. Here we are expecting the volume to double from 12 million tonnes to around 25 million tonnes over next two to two and half years. The company is one of the strong players in the Northern belt, has extremely good corporate governance, good return ratios. So, that is one stock that we are recommending strongly.
 
He further added, “Among the other midcaps on financials we are looking at Jammu & Kashmir (J&K) Bank. We had put J&K among our top picks for last three to four months and we still feel that there is good money to be made in J&K Bank.”
 
“Bharat Electronics is one scrip on the engineering side which we like. Q4 typically is the quarter when a large bunching of quarter inflows happens and more so in defense. This is the January to March quarter, the bumper quarter so Bharat Electronics is a stock that we are recommending.”
 
“On pharmaceuticals, on the midcap side Torrent Pharmaceuticals is what we are looking at. The fact that rubber prices have come up so sharply to global glut makes us positive on Apollo Tyres. On the oil and gas side Indraprastha Gas is what we are looking at. Mahindra Holidays is one stock that again we are recommending and MindTree and KEC. So, these are the stocks on the midcap side that we are recommending to our investors.”