Like Bajaj Electricals, prefer Inox Wind: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Bajaj Electricals is something that we continue to like. E&P has done exceptionally well for it. We are expecting huge turnaround to happen on that segment over the next couple of years in terms of EBIT performance. Our belief is that EBIT profit should actually come to the tune of Rs 84-90 crore for FY17 which would reflect in margin expansion. So, Bajaj Electricals from an EV to sales perspective looks extremely attractive at this point of time.""Similarly for Inox Wind, sufficient capacity is already in place. They are doing decent amount of capex to ensure that the new order book that starts coming on to the system is catered and addressed to and again valuations are looking extremely attractive. We believe the new order book wins will actually entail higher margins and margin expansion of around 17.5-18 percent should actually start coming through by FY17. So, something like Inox Wind is where we believe that over the next one year should give excellent returns even from the current level," he said.