Bullish on NBCC, Engineers India, Suprajit Engineering: IIFL

Sanjiv Bhasin of IIFL told CNBC-TV18, "It has been very discerning and certain stocks have been on a tear namely like Escorts. We have seen Bajaj Finance and a whole host of other stocks which have outperformed. For us it is NBCC and Engineers India (EIL), two PSU stocks which we are very bullish. Maybe this quarter results may not be as what the market is making but we would say that the future is very bright. We have been repeatedly bullish on NBCC on the back that a large part of the order which they have just received and that tells us that next three years of visibility is very clear." "Same is the case with EIL. If we are looking for a proxy for weak oil prices, then EIL seems to be the best proxy on the back that oil marketing companies are now strongly in cash and expansion is on the cards. So, for us these two ideas stand out," he said. "Aside from that we would be very bullish on an OEM called Suprajit Engineering which in the last quarter came out with stand out margin expansion. We think that again could deliver numbers far in excess of market and that would be another midcap pick where we are very bullish on.""Avoid HCL Tech but like Mindtree and Tata Elxsi from midcap IT space and from largecap, it is Tata Consultancy Services (TCS) for target of Rs 3000 by year end."