Check out: Where one should invest money

Watch the interview of Mayuresh Joshi of Angel Broking who shared his readings and outlook on specific stocks and sector & Nikhil Kothari, Director and Chief Financial Planner Etica Wealth management Pvt Ltd answered few personal finance queries.

Below is the verbatim transcript of Mayuresh Joshi's interview with CNBC-TV18:Bata India The issues that are plaguing Bata India for the last two quarters to say the least were implementation in its SAP program and the supply chain issues that the company had faced. Clearly if you go beyond a couple of year's time horizon even from the current juncture our take is that the employee cost as a percent of sales should gradually start coming down. The rent cost as a percent of sale should stabilise between 14.5 to 15.5 percent and clearly if you look at the different business components that Bata has got the greater value contributors will come in from the women segment and from the other apparel segment which will come through in terms of leather accessories with regard to belts or leather shoes. So, in that sense itself our take is that there would be significant expansion of margins as the management is expecting.You had seen margin compression happen over the past few quarters but again the margin should stabilise between that 15-16 percent mark. The free cash flows should show an increasing trend and clearly if you look at the kind of store addition that Bata is doing and the management focus again in developing its franchise network, the ecommerce initiatives going into tier II, tier III cities, it already has a presence out of 1,400-1,500 odd stores across different formats. So, our take is that a 28-29 times FY17 it is reasonably priced at the current juncture. So, simply hold on to the stock for the next two three years, you will still make good returns from the current levels.