Check out: Which stocks should be part of your portfolio

Watch the interview of Mayuresh Joshi of Angel Broking who shared his readings and outlook on specific stocks and sector & Harshvardhan Roongta of Roongta Securities answered few personal finance queries.Below is the verbatim transcript of Mayuresh Joshi's interview with CNBC-TV18:Mastek Out of the business line that Mastek operates out of the de-merger of its insurance Majesco clearly contributed a big chunk 48 percent to be precise of the topline. The other businesses that Mastek runs the UK business and BFSI business, they also contribute meaningfully but clearly I think the insurance de-merger is growing to create value on cloud because right now IT spends that one really expects from the insurance vertically to come through and specifically from its North American clients. That can help significant market share going forward and even a margin expansion. If the time horizon is more than the couple of years the advice would be to hold on to the stock. This point of time our preference lies with a largecap IT names so names like Infosys which have delivered exceedingly well on their numbers, HCL Tech, TCS they remain our preferred pick.Tech Mahindra The profit warning that Tech Mahindra has sounded of clearly was an indication of a weaker quarter to come by. So Q1 and Q2 expected to remain soft because profit warning primarily come on account of weaker earnings expected of their organic communication businesses which contributes roughly 52 percent of their topline. If you look at the enterprise part of the business, it has been doing fairly reasonably okay for Tech Mahindra and that is expected to grow organically quite reasonably well over the next few quarters, so there are a few headwinds, tailwinds that the company is obviously facing. Headwinds in the form of higher visa costs and clearly the kind of profit warning expected from the telecom business. Tailwinds in terms of a stable currency coming through and expectations of improvement in utilisation rate, so clearly based on the profit warning we also have cut down our numbers both in terms of topline and the profitability for the company by 5 and 6 percent respectively. However, our take is that from third quarter FY16 onwards better numbers will start getting reflecting. Cost optimisation efforts as the management indicated are already on and the operating leverage benefit it should start kicking in. So, my take is that keep a horizon of more than a year, valuations at this point of time are also extremely attractive at around 13.7 times FY17. Clearly keep patience on to the stock. The next couple of quarters are going to be soft and weak but clearly with a year or 15 months time horizon we are still maintaining a target price of Rs 646.Canara Bank Our preference stays with the private space. Canara Bank has seen deterioration in its asset quality – the gross net asset ratio deteriorated to 2.7 percent in the quarter gone by from 2.5 percent. What really hampers a lot of these midcap PSU banks progress is the lower capital adequacy that these guys maintain, so Canara Bank with a CAT one of 7.2 percent, lower CASA ratio it does not help in balance sheet expansion. So NIMs stay within that range of 2-2.2 percent and for return ratios to improve more money needs to get pumped in, so the balance sheet expansion happens. So, the government has promised so much money to get infused into few of these banks but clearly a lot more need to be done and again the asset quality needs to get stablise which I don’t think so will happen at least for the next couple of quarter. At least for the next couple of quarters the asset numbers specifically both on the gross and the net sides are going to remain soft. Though valuations remaining extremely compelling for public sector banks it is going to take some time. So one needs to have a time horizon of at least 15 months. A couple of quarters are going to be weak for a lot of these PSU banking and clearly valuations to improve will take some time. So hold on to the stock but keep a time horizon of more than 15 months.