Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "JK Lakshmi Cement is one stock which I clearly like. Of course there has been relatively lower participation by the whole sector in the few months but that is all the more reason that the stock may not fall here and if at al has one way and that is for it to go up although the cement Industry in general there has been some concerns on the volume growth in the March quarter and also on the pricing. But if we take a medium-term view of 2-3 quarters we will see volume as well as pricing growth."
"We will see its capacity almost doubling over the period between one to two years and as a result we have a significant top line and bottom line growth coming in the same period and that is the reason this stock will perform. Amongst others Persistent System is one stock which can give good returns. The stock has corrected or rather at its low had corrected almost 20 percent from the peak. So, a valuation which at the peak was forward P/E of 18-19 is now available at a P/E of 14-15 with closer to 20 percent annualised growth and over the next two years keeping the short-term concerns of currency and some slow down predicted by this company as well as all other IT companies aside, it is a good stock for getting returns over the medium term," he said.
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