Expect 20% upside in Exide Industries: Saurabh Mukherjea

Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital told CNBC-TV18, "The names that we like are the names where you have strong franchises, strong cash flows, well managed companies and inspite of that you are seeing very reasonable valuations. One example is Exide Industries. We all know about the company, it is almost a monopoly play. In batteries it is still at very sensible valuations. Over the next year or so Exide should comfortably give you something like 20 percent upside."

He further added, "Federal Bank is a well managed bank, asset quality risks aren’t out of control, it is still at something like 0.7 times book value. And as a whole host of new banking licenses come next year in consolidation I think begins a fresh in banking. Federal Bank will be front and center of that consolidation story. This bank should be worth at least about 40-50 percent more than what the stock market is currently valuing it at. Those are the names I like playing, good management teams, strong balance sheets, well capitalized balance sheets, plenty of upside to play for in names such as Exide and Federal Bank."