Look at MT Educare: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Clearly what we are working with in the midcap space is the Engineering, procurement and construction (EPC) theme because if infrastructure development probably has to take place a lot of the orders that will come through will probably come through the EPC guys first and any investment unlocking that has to be done on existing products that are projects that are probably stuck. EPC guys will be the ones who will benefit. So, EPC theme is something that we are probably working out with. So stocks like MBL Infra on the road EPC part, stocks like Elicon Engineering from the engineering side of business, something like an Everest Industries on decline which probably does a lot of these asbestos sheets for the semi urban, rural areas. These are some of the themes that we are probably liking."

"One off shoot from the entire theme from the midcap education space is something like MT Educare that we are liking. The coaching industry is expected to go up. It rules the market share in the Mumbai market. The urban consumption going up which means the urban spending will probably go up in terms of education in terms of spending on coaching classes. So, MT Educare even on the valuation parameter is not looking too expensive. So, something like that is also something that we are probably working out in this juncture," he said.