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Last Updated : Sep 12, 2016 04:27 PM IST | Source: CNBC-TV18

Buy cement, housing finance stocks on correction: Mayuresh Joshi

Mayuresh Joshi of Angel Broking is of the view that on correction housing finance companies and cement stocks become good buying opportunities.

Mayuresh Joshi of Angel Broking told CNBC-TV18, "When the earnings growth looks pretty strong for companies which have delivered numbers this quarter around and the expectation, it is largely that you will see Q3 and Q4, the strong earnings momentum continuing. My own sense is that housing finance companies on sharper corrections can be good buying opportunities. For cement plays, I think further corrections become good buying opportunities."

"Specific stocks within the logistics space look interesting, specific stocks within the auto, auto ancillary, two wheelers and tyres look interesting to us," he said.

"Even within the logistics and related to logistics, stocks like Navkar Corporation if it corrects further from the current level the new Inland Container Depot (ICD) that they have probably opened in Vapi, I think that is going to abet their earnings substantially. Our own sense is 16 percent topline and botomline growth, margins expected to remain stable but again on declines. Wait for those corrections to come and buy in a staggered manner."

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First Published on Sep 12, 2016 04:27 pm
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