Hexaware Tech good investment opportunity: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "Two to three stocks wherein the results are expected and unlike a general expectation that the result season is going to be weak, we expect even in the short-term the quarterly numbers for these stocks will be good. One of them is Hexaware Technologies from the defensive space. We have already seen Mindtree and Cyient reporting reasonably good numbers except a point here or there. This stock is currently trading at about Rs 245 odd at which point of time it has a 4 percent dividend yield also. So, the company's margin is close to 18 percent. The return on equity will go up to 30 percent plus and currently available at valuation at 14 time forward price to earnings (PE). It is a very good investment opportunity for medium to long-term investor. If at all, the short-term investors could also benefit." "The other stock moving from defensive to cyclical space is a company called Sanghvi Movers which is in the business of easing cranes. This business had turned into losses sometime back and is a clear case of a turnaround in the last quarter where it had almost a percent rise in topline, 90 percent to be specific. In fact the profit moved at a far higher rate and EBITDA grew 2.5 times compared to the previous year’s same quarter," he said.